Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Vernon Dai-Chung Yu sold 9,700 shares of Enbridge stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of C$50.20, for a total transaction of C$486,940.00.

Vernon Dai-Chung Yu also recently made the following trade(s):

  • On Monday, October 2nd, Vernon Dai-Chung Yu sold 13,179 shares of Enbridge stock. The stock was sold at an average price of C$52.07, for a total transaction of C$686,230.53.

Shares of Enbridge Inc (TSE ENB) opened at C$49.25 on Friday. Enbridge Inc has a 52 week low of C$43.91 and a 52 week high of C$58.28.

The firm also recently disclosed 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 represents a $2.68 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Wednesday, February 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.61. Enbridge’s payout ratio is presently 119.03%.

Several research firms have recently commented on ENB. TD Securities lowered their price target on shares of 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 lowered their price target on shares of 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 restated an “outperform” rating and set a C$66.00 price target on shares of Enbridge in a report on Wednesday, December 13th. National Bank Financial lowered their price target on shares of Enbridge from C$63.00 to C$60.00 and set an “outperform” rating on the stock in a report on Thursday, November 30th. Finally, Scotiabank lowered their price target on shares of Enbridge from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a report on Thursday, November 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$60.47.

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About Enbridge

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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