Enbridge Inc. (TSE:ENB) (NYSE:ENB) insider Laszlo Varsanyi sold 2,700 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$23.85, for a total transaction 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 acquired at an average cost of C$50.38 per share, for a total transaction of C$10,076.00.
  • On Friday, August 18th, Laszlo Varsanyi acquired 500 shares of Enbridge stock. The shares were acquired at an average cost of C$49.38 per share, for a total transaction of C$24,690.00.

Shares of Enbridge Inc. (TSE:ENB) traded up C$0.85 during trading on Friday, hitting C$44.86. 4,268,600 shares of the stock were exchanged, compared to its average volume of 2,971,483. Enbridge Inc. has a 52-week low of C$43.91 and a 52-week high of C$58.56.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend is Tuesday, November 14th. Enbridge’s payout ratio is 119.03%.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/19/enbridge-inc-enb-insider-sells-c64395-00-in-stock.html.

Several equities research analysts have commented on the stock. National Bank Financial dropped their price objective on shares of Enbridge from C$67.00 to C$63.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. CIBC dropped their price objective on shares of Enbridge from C$69.00 to C$67.00 in a report on Friday, November 3rd. TD Securities dropped their price objective on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Scotiabank dropped their price objective on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Finally, Royal Bank Of Canada dropped their price objective on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price 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)

Receive News & Stock Ratings for Enbridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Inc. and related stocks with our FREE daily email newsletter.