Brokerages Set Enbridge Inc. (TSE:ENB) PT at C$61.69

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$61.69.

A number of research analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. Scotiabank lifted their price objective on Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th. Barclays upped their target price on Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Finally, Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the company an “equal weight” rating in a research report on Friday, October 25th.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction that occurred 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. Insiders own 0.10% of the company’s stock.

Enbridge Price Performance

TSE ENB opened at C$64.60 on Wednesday. The company has a market cap of C$140.83 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The stock’s fifty day moving average price is C$61.24 and its 200 day moving average price is C$56.69. Enbridge has a 1 year low of C$45.05 and a 1 year high of C$65.62.

Enbridge (TSE:ENB) (NYSE:ENB) last issued 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 earnings per share. As a group, equities research analysts forecast that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors 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 dividend yield of 5.84%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s payout ratio is presently 140.77%.

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.