Enbridge Inc. (TSE:ENB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$67.07.

ENB has been the subject of several recent analyst reports. Argus upgraded shares of Enbridge to a “strong-buy” rating in a research report on Tuesday, August 12th. Jefferies Financial Group upgraded shares of Enbridge from a “hold” rating to a “buy” rating and upped their target price for the stock from C$65.00 to C$72.00 in a research report on Wednesday, July 23rd. ATB Capital increased their price objective on shares of Enbridge from C$66.00 to C$67.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Finally, National Bankshares increased their price objective on shares of Enbridge from C$64.00 to C$65.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th.

Enbridge Price Performance

TSE ENB opened at C$69.88 on Monday. Enbridge has a 52 week low of C$55.16 and a 52 week high of C$70.39. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The stock has a market cap of C$152.37 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.72 and a beta of 0.89. The company has a 50-day moving average price of C$66.44 and a two-hundred day moving average price of C$63.84.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, September 1st were issued a $0.9425 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.77 annualized dividend and a dividend yield of 5.4%. Enbridge’s dividend payout ratio (DPR) is 130.81%.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.