Enbridge Inc. (TSE:ENB) Receives C$53.59 Consensus PT from Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have received an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$52.94.

A number of research firms have commented on ENB. Jefferies Financial Group lowered their target price on shares of Enbridge from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. National Bankshares lifted their target price on shares of Enbridge from C$51.00 to C$52.00 in a report on Thursday, March 7th. Barclays lowered their target price on shares of Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. Royal Bank of Canada decreased their price target on shares of Enbridge from C$55.00 to C$54.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Finally, Stifel Nicolaus decreased their price target on shares of Enbridge from C$52.00 to C$51.00 and set a “hold” rating for the company in a report on Thursday.

Enbridge Stock Down 1.1 %

Shares of ENB opened at C$48.96 on Monday. The stock has a market cap of C$104.28 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 0.75 and a beta of 0.89. The company has a quick ratio of 0.44, a current ratio of 0.83 and a debt-to-equity ratio of 127.95. Enbridge has a 12 month low of C$42.75 and a 12 month high of C$54.05. The company has a 50-day moving average price of C$47.80 and a two-hundred day moving average price of C$47.16.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, February 9th. The company reported C$0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). Enbridge had a net margin of 14.18% and a return on equity of 9.47%. The firm had revenue of C$11.30 billion during the quarter, compared to the consensus estimate of C$12.99 billion. Equities analysts predict that Enbridge will post 2.8389626 EPS for the current fiscal year.

Enbridge Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.66 annualized dividend and a dividend yield of 7.48%. Enbridge’s dividend payout ratio is 128.87%.

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.