Steven Walter Williams Purchases 18,600 Shares of Enbridge Inc. (TSE:ENB) Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Director Steven Walter Williams bought 18,600 shares of Enbridge stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of C$53.74 per share, for a total transaction of C$999,564.00.

Enbridge Stock Down 2.3 %

Enbridge stock opened at C$52.96 on Friday. The firm has a market capitalization of C$112.80 billion, a P/E ratio of 20.06, a P/E/G ratio of 0.75 and a beta of 0.88. The stock’s fifty day simple moving average is C$49.95 and its 200-day simple moving average is C$48.87. Enbridge Inc. has a twelve month low of C$42.75 and a twelve month high of C$54.49. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 130.31.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th will be paid a $0.915 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.66 annualized dividend and a yield of 6.91%. Enbridge’s dividend payout ratio is currently 138.64%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. National Bankshares lifted their price target on shares of Enbridge from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. Jefferies Financial Group raised their target price on shares of Enbridge from C$53.00 to C$55.00 in a research note on Monday, May 13th. Stifel Nicolaus reduced their target price on Enbridge from C$52.00 to C$51.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Scotiabank downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. boosted their price target on Enbridge from C$56.00 to C$57.00 in a research note on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Enbridge has an average rating of “Hold” and an average price target of C$53.40.

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.