Insider Selling: Enbridge Inc. (TSE:ENB) Senior Officer Sells C$66,293.64 in Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm’s stock in a transaction 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.

Enbridge Trading Up 0.0 %

Enbridge stock opened at C$60.09 on Friday. Enbridge Inc. has a one year low of C$45.05 and a one year high of C$61.99. The business’s fifty day moving average is C$59.07 and its 200 day moving average is C$54.54. The stock has a market capitalization of C$131.00 billion, a PE ratio of 23.11, a price-to-earnings-growth 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.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a $0.9425 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.27%. Enbridge’s payout ratio is currently 140.77%.

Wall Street Analysts Forecast Growth

ENB has been the topic of a number of research reports. Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the company an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Wells Fargo & Company increased their price objective on Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Scotiabank upped their price objective on shares of Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. Finally, Jefferies Financial Group lowered 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$60.31.

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.