Enbridge Inc. (TSE:ENB) Senior Officer Sells C$37,977.60 in Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total transaction of C$37,977.60.

Enbridge Stock Performance

ENB opened at C$54.82 on Friday. Enbridge Inc. has a twelve month low of C$42.75 and a twelve month high of C$56.09. The firm has a market capitalization of C$119.51 billion, a PE ratio of 21.08, a PEG ratio of 0.75 and a beta of 0.90. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26. The firm’s 50-day moving average price is C$52.88 and its 200 day moving average price is C$50.17.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its earnings results on Friday, August 2nd. The company reported C$0.58 earnings per share for the quarter, missing the consensus estimate of C$0.62 by C($0.04). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. The company had revenue of C$11.34 billion for the quarter, compared to analyst estimates of C$5.86 billion. As a group, sell-side analysts expect that Enbridge Inc. will post 3.0693674 EPS for the current fiscal year.

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend was Thursday, August 15th. Enbridge’s dividend payout ratio (DPR) is presently 140.77%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ENB shares. National Bankshares upped their price target on Enbridge from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. BMO Capital Markets increased their target price on Enbridge from C$54.00 to C$56.00 in a research report on Thursday, September 5th. CIBC boosted their price target on shares of Enbridge from C$57.00 to C$59.00 in a report on Monday, July 15th. Wells Fargo & Company increased their price objective on shares of Enbridge from C$45.00 to C$48.00 in a report on Tuesday, June 4th. Finally, Scotiabank cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 14th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$54.33.

Enbridge Company Profile

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.