Enbridge Inc (TSE:ENB) (NYSE:ENB) – Investment analysts at Jefferies Financial Group issued their FY2019 earnings estimates for Enbridge in a report issued on Thursday, December 5th. Jefferies Financial Group analyst V. Bagri expects that the company will post earnings of $2.68 per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $54.00 price target on the stock. Jefferies Financial Group also issued estimates for Enbridge’s Q4 2019 earnings at $0.64 EPS, FY2020 earnings at $2.63 EPS, FY2021 earnings at $2.73 EPS, FY2022 earnings at $2.89 EPS and FY2023 earnings at $2.97 EPS.
A number of other research analysts have also issued reports on ENB. US Capital Advisors restated an “overweight” rating on shares of Enbridge in a research report on Friday, October 25th. Tudor Pickering & Holt set a C$50.00 price objective on Enbridge and gave the company a “hold” rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on Enbridge from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Citigroup boosted their price target on Enbridge from C$46.00 to C$51.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets boosted their price target on Enbridge from C$54.00 to C$55.00 in a research report on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$54.54.
TSE:ENB opened at C$51.20 on Monday. Enbridge has a 12-month low of C$39.69 and a 12-month high of C$51.96. The firm has a market capitalization of $103.42 billion and a P/E ratio of 17.77. The company has a debt-to-equity ratio of 94.16, a current ratio of 0.60 and a quick ratio of 0.47. The business has a 50 day simple moving average of C$49.49 and a 200 day simple moving average of C$47.17.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 14th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 6.33%. This is a positive change from Enbridge’s previous quarterly dividend of $0.74. Enbridge’s payout ratio is 102.36%.
In other Enbridge news, Senior Officer Bradley Francis Shamla sold 2,537 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$47.30, for a total transaction of C$120,000.10. Following the completion of the transaction, the insider now owns 46,035 shares in the company, valued at approximately C$2,177,455.50.
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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