Shares of Enbridge Income Fund Holdings Inc (TSE:ENF) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$32.94.

A number of equities research analysts have recently issued reports on ENF shares. BMO Capital Markets upped their target price on shares of Enbridge Income Fund from C$33.00 to C$34.00 in a research note on Tuesday, September 11th. National Bank Financial upped their target price on shares of Enbridge Income Fund from C$29.00 to C$32.50 and gave the company a “tender” rating in a research note on Tuesday, August 7th. CIBC restated a “neutral” rating and issued a C$33.00 target price on shares of Enbridge Income Fund in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada upped their target price on shares of Enbridge Income Fund from C$31.00 to C$34.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 7th.

ENF stock traded down C$0.80 during trading on Thursday, reaching C$32.15. The stock had a trading volume of 541,806 shares, compared to its average volume of 551,344. Enbridge Income Fund has a 1-year low of C$26.36 and a 1-year high of C$34.29.

Enbridge Income Fund (TSE:ENF) last issued its quarterly earnings data on Friday, August 3rd. The company reported C$0.63 EPS for the quarter, missing analysts’ consensus estimates of C$0.65 by C($0.02). Enbridge Income Fund had a return on equity of 7.08% and a net margin of 100.00%. The firm had revenue of C$114.00 million during the quarter, compared to analyst estimates of C$112.88 million.

The business also recently announced a monthly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be paid a $0.188 dividend. The ex-dividend date is Friday, September 28th. This represents a $2.26 dividend on an annualized basis and a dividend yield of 7.02%.

Enbridge Income Fund Company Profile

Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets in Canada. The company holds interests in the 2,306-kilometre Canadian Mainline, the Regional Oil Sands System, and Southern Lights Pipeline, as well as other crude oil gathering pipelines and storage facilities in Alberta, Saskatchewan, Manitoba, Ontario, and Quebec; and crude oil storage terminals and caverns in Hardisty, Alberta.

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Analyst Recommendations for Enbridge Income Fund (TSE:ENF)

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