Enbridge Inc (TSE:ENB) (NYSE:ENB) – Research analysts at National Bank Financial boosted their FY2019 earnings estimates for Enbridge in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $2.67 for the year, up from their prior forecast of $2.66. National Bank Financial has a “Outperform” rating and a $62.00 price objective on the stock. National Bank Financial also issued estimates for Enbridge’s Q4 2019 earnings at $0.64 EPS and FY2020 earnings at $2.42 EPS.
Several other equities research analysts also recently commented on ENB. Royal Bank of Canada set a C$56.00 target price on shares of Enbridge and gave the stock an “outperform” rating in a research report on Friday, December 20th. Barclays boosted their target price on shares of Enbridge from C$51.00 to C$55.00 in a research report on Tuesday, January 14th. CIBC boosted their target price on shares of Enbridge from C$56.00 to C$58.00 in a research report on Wednesday, January 15th. UBS Group raised shares of Enbridge from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$50.00 to C$54.00 in a research report on Monday, November 25th. Finally, Citigroup boosted their target price on shares of Enbridge from C$51.00 to C$55.00 in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$56.29.
ENB opened at C$56.03 on Thursday. Enbridge has a 1-year low of C$43.02 and a 1-year high of C$57.32. The company has a current ratio of 0.60, a quick ratio of 0.47 and a debt-to-equity ratio of 94.16. The company has a market cap of $113.60 billion and a P/E ratio of 19.44. The company has a fifty day moving average price of C$53.43 and a two-hundred day moving average price of C$48.91.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 14th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from Enbridge’s previous quarterly dividend of $0.74. This represents a $3.24 annualized dividend and a dividend yield of 5.78%. Enbridge’s payout ratio is presently 100.10%.
In other news, Director Albert Monaco purchased 6,542 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of C$51.08 per share, for a total transaction of C$334,160.78. Following the completion of the acquisition, the director now owns 872,174 shares in the company, valued at C$44,550,037.40. Also, Senior Officer John Kendall Whelen sold 30,346 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$51.97, for a total transaction of C$1,577,081.62. Following the transaction, the insider now owns 200,003 shares in the company, valued at C$10,394,155.91. Over the last three months, insiders have sold 54,253 shares of company stock valued at $2,796,860.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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