Enbridge (TSE:ENB) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$56.85 and traded as high as C$64.45. Enbridge shares last traded at C$63.86, with a volume of 4,787,268 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ENB shares. Raymond James raised their price target on Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. TD Securities set a C$66.00 price objective on Enbridge and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Morgan Stanley set a C$64.00 price objective on Enbridge and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price objective on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Finally, Barclays raised their price objective on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$61.69.

Enbridge Stock Down 0.3 %

The firm has a 50 day moving average price of C$61.42 and a two-hundred day moving average price of C$56.85. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The company has a market capitalization of C$139.21 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 1.72 and a beta of 0.90.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings data on Friday, November 1st. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.01). Enbridge had a net margin of 13.54% and a return on equity of 8.57%. During the same period last year, the firm posted $0.62 EPS. As a group, sell-side analysts expect that Enbridge Inc. will post 3.511912 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be issued a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 5.90%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is currently 140.77%.

Insider Activity at Enbridge

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. Insiders own 0.10% of the company’s stock.

About Enbridge

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.