Laszlo Varsanyi Sells 2,700 Shares of Enbridge Inc. (ENB) Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) insider Laszlo Varsanyi sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of C$23.85, for a total value of C$64,395.00.

Laszlo Varsanyi also recently made the following trade(s):



  • On Monday, September 18th, Laszlo Varsanyi acquired 200 shares of Enbridge stock. The shares were bought at an average price of C$50.38 per share, with a total value of C$10,076.00.
  • On Friday, August 18th, Laszlo Varsanyi acquired 500 shares of Enbridge stock. The shares were bought at an average price of C$49.38 per share, with a total value of C$24,690.00.

Shares of Enbridge Inc. (ENB) traded down C$0.05 during mid-day trading on Thursday, reaching C$44.01. The company’s stock had a trading volume of 2,246,233 shares, compared to its average volume of 2,965,614. Enbridge Inc. has a 1-year low of C$43.91 and a 1-year high of C$58.56.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.44 dividend on an annualized basis and a yield of 5.54%. Enbridge’s payout ratio is currently 119.03%.

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ENB has been the subject of a number of analyst reports. CIBC lowered their price objective on Enbridge from C$71.00 to C$69.00 in a research report on Tuesday, October 17th. Scotiabank lowered their target price on Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. TD Securities lowered their target price on Enbridge from C$64.00 to C$62.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Royal Bank Of Canada lowered their target price on Enbridge from C$64.00 to C$63.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Finally, National Bank Financial lowered their target price on Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Enbridge has a consensus rating of “Buy” and a consensus price target of C$63.66.

Enbridge Company Profile

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.

Insider Buying and Selling by Quarter for Enbridge (TSE:ENB)

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