Enbridge Inc. (TSE:ENB) Given Average Rating of “Moderate Buy” by Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$73.31.

Several brokerages have recently issued reports on ENB. BMO Capital Markets lifted their price target on Enbridge from C$67.00 to C$70.00 in a research report on Thursday, December 4th. Scotiabank raised their target price on Enbridge from C$73.00 to C$77.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada boosted their price target on shares of Enbridge from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. National Bank Financial boosted their price target on shares of Enbridge from C$71.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Finally, ATB Cormark Capital Markets upped their price target on shares of Enbridge from C$72.00 to C$78.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th.

Enbridge Stock Performance

Shares of ENB opened at C$73.89 on Thursday. The firm has a market capitalization of C$161.22 billion, a PE ratio of 22.95, a P/E/G ratio of 1.72 and a beta of 0.95. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 170.86. The firm has a 50-day moving average price of C$67.66 and a 200 day moving average price of C$67.14. Enbridge has a 52-week low of C$56.51 and a 52-week high of C$74.39.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.88 earnings per share (EPS) for the quarter. Enbridge had a net margin of 11.50% and a return on equity of 12.34%. The business had revenue of C$17.18 billion during the quarter. On average, sell-side analysts anticipate that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Sunday, March 1st were issued a dividend of $0.97 per share. The ex-dividend date was Tuesday, February 17th. This is a positive change from Enbridge’s previous quarterly dividend of $0.94. This represents a $3.88 dividend on an annualized basis and a yield of 5.3%. Enbridge’s payout ratio is 117.08%.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.