Enbridge Inc. (ENB) To Go Ex-Dividend on February 14th

Enbridge Inc. (TSE:ENBGet Free Report) (NYSE:ENB) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Friday, March 1st will be given a dividend of 0.915 per share on Friday, March 1st. This represents a $3.66 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.89.

Enbridge Trading Down 0.4 %

ENB opened at C$46.03 on Monday. The firm has a market cap of C$98.04 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.16 and a beta of 0.88. Enbridge has a 12 month low of C$42.75 and a 12 month high of C$54.56. The company has a current ratio of 0.83, a quick ratio of 0.44 and a debt-to-equity ratio of 127.95. The stock has a 50-day moving average of C$47.96 and a 200 day moving average of C$46.83.

Insider Buying and Selling

In related news, Director Teresa Smith Madden bought 2,100 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average cost of C$35.49 per share, for a total transaction of C$74,529.00. In related news, Director Dan Curtis Tutcher sold 18,000 shares of Enbridge stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$35.30, for a total value of C$635,400.00. Also, Director Teresa Smith Madden acquired 2,100 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were acquired at an average price of C$35.49 per share, with a total value of C$74,529.00. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ENB shares. CIBC decreased their price objective on shares of Enbridge from C$64.00 to C$56.00 and set an “outperform” rating for the company in a research note on Thursday, October 19th. Stifel Nicolaus set a C$52.00 price objective on shares of Enbridge and gave the stock a “hold” rating in a research note on Thursday, January 18th. Barclays raised their price objective on shares of Enbridge from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 17th. ATB Capital set a C$56.00 price target on shares of Enbridge and gave the company an “outperform” rating in a research note on Friday, January 5th. Finally, Raymond James decreased their price target on shares of Enbridge from C$56.00 to C$54.00 in a research note on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$53.81.

Read Our Latest Stock Report on Enbridge

Enbridge Company Profile

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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.

See Also

Dividend History for Enbridge (TSE:ENB)

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