Shares of Enbridge Inc. (TSE:ENB – Get Free Report) (NYSE:ENB) have received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$52.94.
A number of research firms have commented on ENB. Jefferies Financial Group reduced their target price on Enbridge from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Barclays cut their price target on Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. Stifel Nicolaus cut their price target on Enbridge from C$52.00 to C$51.00 and set a “hold” rating on the stock in a report on Thursday. ATB Capital set a C$56.00 price objective on Enbridge and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, National Bankshares upped their price objective on Enbridge from C$51.00 to C$52.00 in a research report on Thursday, March 7th.
Read Our Latest Stock Analysis on Enbridge
Enbridge Stock Down 1.1 %
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last issued its quarterly earnings results on Friday, February 9th. The company reported C$0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). The firm had revenue of C$11.30 billion during the quarter, compared to analyst estimates of C$12.99 billion. Enbridge had a return on equity of 9.47% and a net margin of 14.18%. On average, analysts anticipate that Enbridge will post 2.8389626 EPS for the current fiscal year.
Enbridge Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.66 dividend on an annualized basis and a yield of 7.48%. Enbridge’s payout ratio is 128.87%.
About Enbridge
Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
Featured Stories
- Five stocks we like better than Enbridge
- There Are Different Types of Stock To Invest In
- 3 Stocks Leading the U.S. Agriculture Comeback
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- How to Use Put Debit Spreads to Profit From Falling Stocks
- How to Invest in the Best Canadian StocksĀ
- Alphabet Changes the Narrative with Its First-Ever Dividend
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.