Enbridge Inc. (TSE:ENB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$67.07.

ENB has been the subject of a number of recent analyst reports. Argus raised shares of Enbridge to a “strong-buy” rating in a research note on Tuesday, August 12th. Jefferies Financial Group raised shares of Enbridge from a “hold” rating to a “buy” rating and lifted their target price for the company from C$65.00 to C$72.00 in a research note on Wednesday, July 23rd. ATB Capital lifted their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Finally, National Bankshares raised their price target on shares of Enbridge from C$64.00 to C$65.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th.

Enbridge Trading Up 0.7%

Shares of TSE:ENB opened at C$69.88 on Monday. The stock has a market capitalization of C$152.37 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.72 and a beta of 0.89. Enbridge has a 1-year low of C$55.16 and a 1-year high of C$70.39. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The company has a 50 day moving average price of C$66.44 and a 200 day moving average price of C$63.84.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, September 1st were issued a dividend of $0.9425 per share. The ex-dividend date was Friday, August 15th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.4%. Enbridge’s dividend payout ratio (DPR) is currently 130.81%.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.