Michele Eva Harradence Buys 5,857 Shares of Enbridge Inc. (TSE:ENB) Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Michele Eva Harradence purchased 5,857 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of C$62.53 per share, for a total transaction of C$366,238.21.

Enbridge Trading Down 0.6 %

Shares of ENB opened at C$62.94 on Friday. The stock has a fifty day moving average of C$62.35 and a two-hundred day moving average of C$59.59. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The company has a market capitalization of C$136.40 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Enbridge Inc. has a fifty-two week low of C$45.39 and a fifty-two week high of C$65.62.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were issued a $0.9425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 5.99%. Enbridge’s payout ratio is 118.98%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ENB shares. Jefferies Financial Group boosted their price target on Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th. Barclays upped their target price on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. BMO Capital Markets upped their target price on Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. Raymond James upped their target price on Enbridge from C$65.00 to C$67.00 in a research note on Tuesday, February 18th. Finally, TD Securities upped their target price on Enbridge from C$66.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.