Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Vernon Dai-Chung Yu sold 9,700 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were 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 (ENB) traded up C$0.09 during trading on Friday, hitting C$49.57. 1,830,465 shares of the stock traded hands, compared to its average volume of 2,079,253. Enbridge Inc has a 1-year low of C$43.91 and a 1-year high of C$58.28. The firm has a market cap of $83,630.00, a price-to-earnings ratio of 25.29 and a beta of 0.29.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.671 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Wednesday, February 14th. Enbridge’s payout ratio is 119.03%.
ENB has been the subject of a number of research reports. CIBC cut their target price on shares of Enbridge from C$71.00 to C$69.00 in a research report on Tuesday, October 17th. Royal Bank of Canada cut their target price on shares of Enbridge from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research report on Wednesday, December 13th. Scotiabank cut their target price on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. BMO Capital Markets cut their target price on shares of Enbridge from C$70.00 to C$66.00 and set an “outperform” rating for the company in a research report on Thursday, November 30th. Finally, TD Securities cut their target price on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$60.47.
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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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