Shares of Enbridge Income Fund Holdings Inc (TSE:ENF) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$35.50.
A number of equities research analysts have recently weighed in on ENF shares. TD Securities lowered their price objective on shares of Enbridge Income Fund from C$38.00 to C$36.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Scotiabank lowered their price objective on shares of Enbridge Income Fund from C$38.00 to C$37.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. CIBC lowered their price objective on shares of Enbridge Income Fund from C$38.00 to C$35.00 in a research note on Tuesday, October 17th. National Bank Financial lowered their price objective on shares of Enbridge Income Fund from C$38.00 to C$35.00 and set a “sector perform” rating on the stock in a research note on Friday, November 3rd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$33.00 price objective on shares of Enbridge Income Fund in a research note on Friday, December 8th.
Enbridge Income Fund (TSE ENF) traded down C$0.27 during mid-day trading on Tuesday, reaching C$27.54. 404,941 shares of the company’s stock were exchanged, compared to its average volume of 566,147. Enbridge Income Fund has a fifty-two week low of C$27.28 and a fifty-two week high of C$35.20. The stock has a market cap of $4,830.00, a PE ratio of 13.07 and a beta of 0.19.
Enbridge Income Fund (TSE:ENF) last announced its quarterly earnings data on Thursday, November 2nd. The company reported C$0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.53 by C($0.01). Enbridge Income Fund had a return on equity of 6.67% and a net margin of 97.47%.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.1883 per share. This is a boost from Enbridge Income Fund’s previous monthly dividend of $0.17. The ex-dividend date is Tuesday, January 30th. This represents a $2.26 dividend on an annualized basis and a yield of 8.20%. Enbridge Income Fund’s dividend payout ratio (DPR) is presently 95.09%.
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About Enbridge Income Fund
Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets. The Company’s business is limited to ownership of its interest in Enbridge Income Fund (the Fund). The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders.
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