Enbridge (TSE:ENB) Upgraded at TD

TD upgraded shares of Enbridge (TSE:ENB) (NYSE:ENB) from a hold rating to a buy rating in a research report released on Tuesday,BayStreet reports. TD currently has C$81.00 price objective on the stock, down from their previous price objective of C$82.00.

A number of other research analysts have also weighed in on the stock. National Bank Financial upgraded shares of Enbridge from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$81.00 to C$82.00 in a research note on Tuesday. US Capital Advisors raised shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Canadian Imperial Bank of Commerce upgraded Enbridge from a “hold” rating to an “outperformer” rating and increased their price objective for the stock from C$77.00 to C$78.00 in a research report on Friday, August 28th. ATB Cormark Capital Markets boosted their target price on Enbridge from C$83.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Raymond James Financial raised their price target on Enbridge from C$79.00 to C$80.00 and gave the company a “market perform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$77.62.

Enbridge Price Performance

Shares of TSE ENB opened at C$68.18 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 171.59. The stock has a fifty day simple moving average of C$72.79 and a two-hundred day simple moving average of C$74.66. Enbridge has a 1-year low of C$62.42 and a 1-year high of C$80.65. The firm has a market cap of C$148.91 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.72 and a beta of 0.69.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.63 EPS for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%.The firm had revenue of C$29.32 billion for the quarter. Analysts anticipate that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were given a dividend of $0.97 per share. The ex-dividend date was Friday, August 14th. This represents a $3.88 annualized dividend and a dividend yield of 5.7%. Enbridge’s dividend payout ratio is 147.68%.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.