Enbridge (TSE:ENB) (NYSE:ENB) had its target price reduced by TD Securities from C$62.00 to C$61.00 in a report issued on Thursday morning. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on ENB. CIBC decreased their price target on shares of Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. Scotiabank decreased their price target on shares of Enbridge from C$62.00 to C$61.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. Royal Bank of Canada decreased their price target on shares of Enbridge from C$64.00 to C$63.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. National Bank Financial decreased their price target on shares of Enbridge from C$67.00 to C$63.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. Finally, BMO Capital Markets decreased their price target on shares of Enbridge from C$70.00 to C$66.00 and set an outperform rating on the stock in a research note on Thursday, November 30th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of C$60.47.

Shares of Enbridge (TSE ENB) opened at C$49.89 on Thursday. Enbridge has a 52 week low of C$43.91 and a 52 week high of C$58.28.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, November 29th will be paid a $0.671 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.61. Enbridge’s payout ratio is currently 119.03%.

In related news, Director Wanda Marie Opheim sold 28,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$51.00, for a total transaction of C$1,428,000.00. Also, Director Michael E.J. Phelps sold 6,300 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$41.42, for a total transaction of C$260,946.00. Insiders sold a total of 107,918 shares of company stock worth $5,154,447 in the last 90 days.

ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.watchlistnews.com/td-securities-trims-enbridge-enb-target-price-to-c61-00/1770466.html.

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.

Analyst Recommendations for Enbridge (TSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with Analyst Ratings Network's FREE daily email newsletter.