Enbridge Income Fund Holdings Inc (ENF) Price Target Cut to C$35.00 by Analysts at National Bank Financial
Enbridge Income Fund Holdings Inc (TSE:ENF) had its target price cut by National Bank Financial from C$38.00 to C$35.00 in a research report sent to investors on Friday. They currently have a sector perform rating on the stock.
Several other research firms also recently issued reports on ENF. BMO Capital Markets decreased their price objective on shares of Enbridgeome Fund Holdings from C$35.00 to C$34.00 in a research note on Friday. CIBC decreased their price objective on shares of Enbridgeome Fund Holdings from C$38.00 to C$35.00 in a research note on Tuesday, October 17th. Royal Bank Of Canada decreased their price objective on shares of Enbridgeome Fund Holdings from C$35.00 to C$33.00 and set a sector perform rating for the company in a research note on Friday. Finally, TD Securities boosted their price objective on shares of Enbridgeome Fund Holdings from C$37.00 to C$38.00 and gave the stock a buy rating in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Enbridgeome Fund Holdings presently has an average rating of Hold and a consensus target price of C$35.00.
Enbridgeome Fund Holdings (TSE:ENF) traded up C$0.07 on Friday, reaching C$29.05. 939,644 shares of the company’s stock traded hands, compared to its average volume of 407,826. Enbridgeome Fund Holdings has a 12 month low of C$27.93 and a 12 month high of C$36.31.
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The company also recently announced a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a dividend of $0.171 per share. The ex-dividend date was Friday, September 29th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 7.06%.
About Enbridgeome Fund Holdings
Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets. The Company’s business is limited to ownership of its interest in Enbridge Income Fund (the Fund). The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders.
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