Enbridge (TSE:ENB) Price Target Raised to C$66.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective hoisted by JPMorgan Chase & Co. from C$60.00 to C$66.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on the stock. Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the company an “equal weight” rating in a report on Friday, October 25th. Barclays upped their target price on shares of Enbridge from C$54.00 to C$59.00 in a research report on Monday, November 11th. CIBC lifted their price target on Enbridge from C$59.00 to C$67.00 in a research report on Monday, November 4th. National Bankshares boosted their price objective on Enbridge from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Finally, BMO Capital Markets raised their price objective on Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$58.00.

Enbridge Stock Performance

The stock has a 50 day moving average price of C$56.89 and a 200-day moving average price of C$52.91. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$61.09. The stock has a market capitalization of C$131.82 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26.

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of ?. The ex-dividend date of this dividend is Friday, November 15th. Enbridge’s dividend payout ratio is currently 140.77%.

Insider Transactions at Enbridge

In related news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total value of C$37,977.60. Company 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.