Enbridge Inc (TSE:ENB) (NYSE:ENB) Director Michael E.J. Phelps sold 500 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of C$34.01, for a total value of C$17,005.00.
Michael E.J. Phelps also recently made the following trade(s):
- On Thursday, December 14th, Michael E.J. Phelps sold 900 shares of Enbridge stock. The shares were sold at an average price of C$50.06, for a total value of C$45,054.00.
Shares of Enbridge Inc (TSE ENB) traded up C$0.17 during trading hours on Friday, reaching C$42.74. The company’s stock had a trading volume of 2,977,800 shares, compared to its average volume of 3,420,000. Enbridge Inc has a 52-week low of C$42.00 and a 52-week high of C$57.75. The company has a market cap of $72,440.00, a P/E ratio of 25.29 and a beta of 0.18.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.671 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date is Wednesday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.61. Enbridge’s dividend payout ratio is currently 142.78%.
A number of brokerages have issued reports on ENB. Canaccord Genuity reduced their price objective on Enbridge from C$59.00 to C$54.00 in a research note on Thursday, November 30th. National Bank Financial reduced their price objective on Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. TD Securities reduced their price objective on Enbridge from C$62.00 to C$61.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. CIBC reduced their price objective on Enbridge from C$69.00 to C$67.00 in a research note on Friday, November 3rd. Finally, Scotiabank reduced their price objective on Enbridge from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Enbridge presently has an average rating of “Buy” and an average price target of C$59.28.
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.
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