Enbridge Inc. (TSE:ENB) Senior Officer Purchases C$61,240.00 in Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Matthew Allan Akman purchased 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of C$61.24 per share, with a total value of C$61,240.00.

Enbridge Stock Up 0.9 %

Shares of TSE ENB traded up C$0.53 during trading hours on Monday, hitting C$62.05. The company had a trading volume of 968,462 shares, compared to its average volume of 9,804,244. Enbridge Inc. has a 1-year low of C$45.39 and a 1-year high of C$65.62. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The firm’s 50 day moving average is C$62.36 and its 200-day moving average is C$59.31. The stock has a market capitalization of C$134.48 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, March 1st were issued a dividend of $0.9425 per share. The ex-dividend date was Friday, February 14th. This represents a $3.77 dividend on an annualized basis and a yield of 6.08%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is presently 118.98%.

Analysts Set New Price Targets

Several brokerages have recently commented on ENB. Jefferies Financial Group lifted their price target on shares of Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Royal Bank of Canada lifted their price target on shares of Enbridge from C$63.00 to C$67.00 in a research report on Tuesday, February 18th. TD Securities lifted their price target on shares of Enbridge from C$66.00 to C$67.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on shares of Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Finally, Scotiabank lifted their price target on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$63.31.

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.