Enbridge Inc. (TSE:ENB) Senior Officer Michele Eva Harradence Purchases 5,857 Shares of Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Michele Eva Harradence acquired 5,857 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of C$62.53 per share, with a total value of C$366,238.21.

Enbridge Stock Down 0.6 %

Shares of TSE:ENB opened at C$62.94 on Friday. The stock has a fifty day simple moving average of C$62.35 and a two-hundred day simple moving average of C$59.55. The stock has a market capitalization of C$136.40 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.72 and a beta of 0.90. Enbridge Inc. has a 12-month low of C$45.39 and a 12-month high of C$65.62. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were paid a dividend of $0.9425 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.77 dividend on an annualized basis and a yield of 5.99%. Enbridge’s payout ratio is presently 118.98%.

Analyst Ratings Changes

Several equities research analysts have weighed in on ENB shares. CIBC increased their price objective on Enbridge from C$66.00 to C$67.00 in a report on Wednesday, March 5th. Jefferies Financial Group increased their price objective on Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Barclays increased their price objective on Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price objective on Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$63.31.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.