Enbridge Inc. (TSE:ENB) Given Average Recommendation of “Moderate Buy” by Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$73.31.

Several equities analysts have recently commented on ENB shares. BMO Capital Markets increased their price target on shares of Enbridge from C$67.00 to C$70.00 in a research report on Thursday, December 4th. Canadian Imperial Bank of Commerce cut their price objective on Enbridge from C$71.00 to C$69.00 in a research note on Wednesday, December 17th. TD Securities lowered Enbridge from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$70.00 to C$72.00 in a research report on Tuesday, February 17th. National Bank Financial upped their price target on Enbridge from C$71.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Finally, Scotiabank raised their price objective on Enbridge from C$73.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th.

Enbridge Stock Performance

Shares of ENB opened at C$75.83 on Monday. The firm has a market cap of C$165.49 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.72 and a beta of 1.00. The business’s 50 day moving average is C$70.86 and its two-hundred day moving average is C$68.07. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 170.86. Enbridge has a 52-week low of C$56.51 and a 52-week high of C$76.28.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.88 EPS for the quarter. The firm had revenue of C$17.18 billion for the quarter. Enbridge had a net margin of 11.50% and a return on equity of 12.34%. Analysts forecast that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Sunday, March 1st were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Enbridge’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Tuesday, February 17th. Enbridge’s dividend payout ratio is currently 117.08%.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.