Enbridge Inc. (TSE:ENB) Given Consensus Recommendation of “Hold” by Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$76.00.

Several equities analysts have commented on ENB shares. Raymond James Financial downgraded Enbridge from a “moderate buy” rating to a “hold” rating in a research report on Friday, July 31st. National Bank Financial lifted their price target on Enbridge from C$73.00 to C$81.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. TD upped their price target on Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a research report on Thursday, June 25th. Scotiabank lifted their target price on shares of Enbridge from C$78.00 to C$84.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. Finally, US Capital Advisors upgraded Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th.

Enbridge Price Performance

TSE ENB opened at C$69.80 on Thursday. Enbridge has a fifty-two week low of C$62.42 and a fifty-two week high of C$80.65. The company has a market capitalization of C$152.45 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74. The business’s fifty day moving average is C$75.69 and its 200 day moving average is C$74.89. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.44 and a current ratio of 0.72.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, July 31st. The company reported C$0.63 earnings per share for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. The company had revenue of C$29.32 billion during the quarter. Sell-side analysts predict that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, August 14th. Enbridge’s payout ratio is 147.68%.

Enbridge Company Profile

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.