Enbridge Inc. (TSE:ENB) (NYSE:ENB) insider Laszlo Varsanyi acquired 600 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of C$35.49 per share, with a total value of C$21,294.00.

Laszlo Varsanyi also recently made the following trade(s):

  • On Wednesday, November 15th, Laszlo Varsanyi sold 2,700 shares of Enbridge stock. The stock was sold at an average price of C$23.85, for a total transaction of C$64,395.00.
  • On Monday, September 18th, Laszlo Varsanyi acquired 200 shares of Enbridge stock. The shares were purchased at an average cost of C$50.38 per share, with a total value of C$10,076.00.

Enbridge Inc. (TSE ENB) traded up C$0.52 on Thursday, hitting C$47.53. 1,224,189 shares of the stock traded hands, compared to its average volume of 2,977,858. Enbridge Inc. has a twelve month low of C$43.91 and a twelve month high of C$58.28.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.61 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.13%. Enbridge’s dividend payout ratio is 119.03%.

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Several analysts have recently weighed in on the stock. National Bank Financial dropped their price objective on shares of Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. CIBC dropped their price objective on shares of Enbridge from C$69.00 to C$67.00 in a report on Friday, November 3rd. TD Securities raised their price objective on shares of Enbridge from C$62.00 to C$64.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada dropped their price objective on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Finally, Scotiabank dropped their price objective on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Enbridge presently has a consensus rating of “Buy” and a consensus price target of C$63.66.

About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Insider Buying and Selling by Quarter for Enbridge (TSE:ENB)

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