Enbridge Inc. (TSE:ENB) Senior Officer Sells C$66,293.64 in Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64.

Enbridge Stock Performance

ENB traded down C$0.03 during trading on Tuesday, reaching C$60.04. 437,724 shares of the company’s stock were exchanged, compared to its average volume of 8,445,178. Enbridge Inc. has a fifty-two week low of C$45.05 and a fifty-two week high of C$61.99. The company has a market capitalization of C$130.89 billion, a P/E ratio of 23.09, a PEG 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. The business has a 50 day moving average price of C$58.89 and a 200 day moving average price of C$54.35.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued a $0.9425 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.28%. Enbridge’s dividend payout ratio is presently 140.77%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENB. Royal Bank of Canada upped their price objective on Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. BMO Capital Markets boosted their price target on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Barclays raised their target price on shares of Enbridge from C$54.00 to C$59.00 in a report on Monday, November 11th. Scotiabank lifted their target price on shares of Enbridge from C$57.00 to C$61.00 in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$60.31.

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.