Enbridge (ENB) Insider Sells C$68,827.50 in Stock

Enbridge (TSE:ENB) (NYSE:ENB) insider Bradley Francis Shamla sold 1,610 shares of the stock in a transaction dated Friday, May 11th. The stock was sold at an average price of C$42.75, for a total transaction of C$68,827.50.

Bradley Francis Shamla also recently made the following trade(s):

  • On Thursday, March 29th, Bradley Francis Shamla sold 1,009 shares of Enbridge stock. The stock was sold at an average price of C$40.00, for a total transaction of C$40,360.00.

TSE ENB opened at C$41.80 on Thursday. Enbridge has a 52 week low of C$37.36 and a 52 week high of C$54.05.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, February 16th. The company reported C$0.61 EPS for the quarter, topping the consensus estimate of C$0.53 by C$0.08. The firm had revenue of C$12.89 billion during the quarter, compared to analysts’ expectations of C$11.73 billion. Enbridge had a net margin of 11.00% and a return on equity of 6.04%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be issued a $0.671 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Monday, May 14th.

Several research firms have commented on ENB. Scotiabank decreased their target price on shares of Enbridge from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Wells Fargo decreased their target price on shares of Enbridge from C$52.00 to C$50.00 in a research report on Thursday, March 22nd. Royal Bank of Canada decreased their target price on shares of Enbridge from C$59.00 to C$54.00 and set an “outperform” rating for the company in a research report on Friday, May 11th. TD Securities decreased their target price on shares of Enbridge from C$61.00 to C$57.00 and set a “buy” rating for the company in a research report on Tuesday, February 20th. Finally, BMO Capital Markets decreased their target price on shares of Enbridge from C$66.00 to C$63.00 in a research report on Tuesday, February 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$54.80.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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

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.



Leave a Reply