Enbridge Inc. (TSE:ENB) (NYSE:ENB) insider Laszlo Varsanyi sold 2,700 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of C$23.85, for a total transaction of C$64,395.00.
Laszlo Varsanyi also recently made the following trade(s):
- On Monday, September 18th, Laszlo Varsanyi bought 200 shares of Enbridge stock. The shares were bought at an average cost of C$50.38 per share, for a total transaction of C$10,076.00.
- On Friday, August 18th, Laszlo Varsanyi bought 500 shares of Enbridge stock. The shares were bought at an average cost of C$49.38 per share, for a total transaction of C$24,690.00.
Shares of Enbridge Inc. (TSE:ENB) traded up C$0.85 during mid-day trading on Friday, hitting C$44.86. 4,268,600 shares of the stock traded hands, compared to its average volume of 2,971,483. Enbridge Inc. has a 52 week low of C$43.91 and a 52 week high of C$58.56.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.44 annualized dividend and a dividend yield of 5.44%. Enbridge’s dividend payout ratio is currently 119.03%.
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ENB has been the topic of several research analyst reports. CIBC cut their target price on shares of Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. Scotiabank lowered their price objective on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. TD Securities lowered their price objective on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Royal Bank Of Canada lowered their price objective on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Finally, National Bank Financial lowered their price objective on shares of Enbridge from C$67.00 to C$63.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Enbridge has a consensus rating of “Buy” and a consensus target price of C$63.66.
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.
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