Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Bradley Francis Shamla sold 3,019 shares of Enbridge stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$50.00, for a total value of C$150,950.00.

Shares of Enbridge Inc (ENB) traded down C$0.24 during mid-day trading on Friday, reaching C$49.32. The company had a trading volume of 4,113,851 shares, compared to its average volume of 2,995,723. Enbridge Inc has a twelve month low of C$43.91 and a twelve month high of C$58.28.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, November 29th will be paid a $0.671 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.68 annualized dividend and a yield of 5.44%. Enbridge’s payout ratio is currently 119.03%.

Several analysts recently commented on the company. CIBC decreased their price target on Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. TD Securities decreased their price target on Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank of Canada decreased their price target on Enbridge from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$66.00 price target on shares of Enbridge in a research note on Wednesday. Finally, National Bank Financial decreased their price target on Enbridge from C$67.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Enbridge presently has a consensus rating of “Buy” and a consensus target price of C$60.47.

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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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