Enbridge Inc (TSE:ENB) (NYSE:ENB) Director Michael E.J. Phelps sold 500 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of C$34.01, for a total value of C$17,005.00.
Michael E.J. Phelps also recently made the following trade(s):
- On Thursday, December 14th, Michael E.J. Phelps sold 900 shares of Enbridge stock. The shares were sold at an average price of C$50.06, for a total value of C$45,054.00.
Enbridge Inc (TSE:ENB) traded up C$0.23 during mid-day trading on Friday, reaching C$42.80. The company’s stock had a trading volume of 2,405,104 shares, compared to its average volume of 3,158,705. Enbridge Inc has a 52 week low of C$42.00 and a 52 week high of C$57.75. The stock has a market cap of $72,210.00, a P/E ratio of 25.21 and a beta of 0.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.671 per share. The ex-dividend date is Wednesday, February 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a yield of 6.27%. Enbridge’s payout ratio is currently 142.78%.
Several equities research analysts recently commented on the company. TD Securities dropped their target price on Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Royal Bank of Canada dropped their target price on Enbridge from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a report on Wednesday, December 13th. BMO Capital Markets reiterated an “outperform” rating and set a C$66.00 target price on shares of Enbridge in a report on Wednesday, December 13th. CIBC dropped their target price on Enbridge from C$67.00 to C$63.00 in a report on Friday, December 1st. Finally, National Bank Financial dropped their target price on Enbridge from C$67.00 to C$63.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. One investment analyst has 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$59.28.
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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.
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