Enbridge Inc. (TSE:ENB – Get Free Report) (NYSE:ENB) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$53.56.
Several analysts recently issued reports on ENB shares. Jefferies Financial Group lifted their target price on Enbridge from C$53.00 to C$55.00 in a research note on Monday, May 13th. Barclays decreased their target price on Enbridge from C$53.00 to C$51.00 in a research note on Thursday, March 7th. Royal Bank of Canada decreased their target price on Enbridge from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. National Bankshares lifted their target price on Enbridge from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. lifted their target price on Enbridge from C$55.00 to C$56.00 and gave the company an “overweight” rating in a research note on Friday, May 17th.
Check Out Our Latest Analysis on Enbridge
Enbridge Stock Down 1.3 %
Enbridge Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend is Tuesday, May 14th. Enbridge’s payout ratio is currently 138.11%.
Enbridge Company Profile
Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
Read More
- Five stocks we like better than Enbridge
- Stock Average Calculator
- What is a Short Call Butterfly Spread? Explanation with Examples
- What is a Dividend King?
- First Quarter Wrap-Up Reveals Retail’s Shifting Sands
- Why Invest in High-Yield Dividend Stocks?
- Williams-Sonoma Stock Forecast to Hit $500? Here’s How
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 MarketBeat.com's FREE daily email newsletter.