Enbridge (TSE:ENB) Given a C$66.00 Price Target at TD Securities

TD Securities set a C$66.00 price objective on Enbridge (TSE:ENB) (NYSE:ENB) in a report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Barclays boosted their price objective on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Morgan Stanley set a C$64.00 price objective on Enbridge and gave the stock an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price target on Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating and raised their price objective for the company from C$55.00 to C$58.00 in a research report on Monday, September 30th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$61.69.

Enbridge Price Performance

ENB opened at C$63.50 on Wednesday. The firm has a 50-day moving average price of C$60.39 and a 200-day moving average price of C$55.76. Enbridge has a twelve month low of C$45.05 and a twelve month high of C$64.02. 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 company has a market capitalization of C$138.43 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.72 and a beta of 0.90.

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 given a $0.9425 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 5.94%. 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 company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. 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.