Enbridge (TSE:ENB) Price Target Raised to C$65.00

Enbridge (TSE:ENB) (NYSE:ENB) had its target price raised by Jefferies Financial Group from C$59.00 to C$65.00 in a research report report published on Thursday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. TD Securities set a C$66.00 target price on Enbridge and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Morgan Stanley set a C$64.00 price objective on shares of Enbridge and gave the stock an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets increased their target price on shares of Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Barclays boosted their price target on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Finally, Wells Fargo & Company upped their price objective on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Enbridge presently has a consensus rating of “Hold” and an average price target of C$62.23.

Enbridge Trading Down 2.5 %

TSE ENB opened at C$62.85 on Thursday. Enbridge has a 52 week low of C$45.05 and a 52 week high of C$65.62. The firm has a 50 day moving average of C$61.62 and a two-hundred day moving average of C$57.17. The stock has a market capitalization of C$137.01 billion, a PE ratio of 24.17, a price-to-earnings-growth 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 (TSE:ENB) (NYSE:ENB) last issued its earnings results on Friday, November 1st. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.01). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. During the same quarter last year, the company posted $0.62 EPS. As a group, research analysts expect that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, March 1st will be given a $0.9425 dividend. This represents a $3.77 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s payout ratio is 140.77%.

Insider Buying and Selling at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. 0.10% of the stock is owned by company insiders.

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.