Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB's share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$54.31 and traded as high as C$60.09. Enbridge shares last traded at C$60.07, with a volume of 4,760,211 shares trading hands.
Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Barclays upped their target price on Enbridge from C$54.00 to C$59.00 in a report on Monday, November 11th. BMO Capital Markets raised their price target on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. CIBC upped their price objective on shares of Enbridge from C$61.00 to C$63.00 in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group lowered shares of Enbridge from a "buy" rating to a "hold" rating and lifted their target price for the company from C$55.00 to C$58.00 in a research note on Monday, September 30th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$60.31.
View Our Latest Report on ENB
The firm has a market cap of C$130.95 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The firm's 50 day moving average is C$58.82 and its 200-day moving average is C$54.31. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76.
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 dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a dividend yield of 6.28%. This is an increase from Enbridge's previous quarterly dividend of $0.92. Enbridge's dividend payout ratio is 140.77%.
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.
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