Enbridge Inc (TSE:ENB) (NYSE:ENB) – Research analysts at National Bank Financial dropped their FY2018 earnings per share (EPS) estimates for shares of Enbridge in a research note issued to investors on Monday. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $2.16 per share for the year, down from their prior forecast of $2.21. National Bank Financial has a “Outperform” rating and a $60.00 price target on the stock. National Bank Financial also issued estimates for Enbridge’s FY2019 earnings at $2.26 EPS.
Several other research analysts have also recently weighed in on the stock. Canaccord Genuity decreased their price target on shares of Enbridge from C$59.00 to C$54.00 in a report on Thursday, November 30th. TD Securities decreased their price target on shares of Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. CIBC decreased their price target on shares of Enbridge from C$69.00 to C$67.00 in a report on Friday, November 3rd. Scotiabank decreased their price target on shares of Enbridge from C$60.00 to C$59.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$66.00 price target on shares of Enbridge in a report on Wednesday, December 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Enbridge currently has a consensus rating of “Buy” and an average price target of C$59.28.
Enbridge (ENB) traded down C$0.24 during trading hours on Thursday, hitting C$43.06. The company’s stock had a trading volume of 970,727 shares, compared to its average volume of 3,110,364. The stock has a market capitalization of $73,390.00, a P/E ratio of 25.62 and a beta of 0.18. Enbridge has a 12-month low of C$42.00 and a 12-month high of C$57.75.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, November 29th will be paid a $0.671 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Wednesday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.61. Enbridge’s dividend payout ratio is currently 142.78%.
In related news, insider Vernon Dai-Chung Yu sold 9,700 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of C$50.20, for a total value of C$486,940.00. Also, Director Michael E.J. Phelps sold 900 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$50.06, for a total value of C$45,054.00. In the last three months, insiders sold 13,719 shares of company stock worth $687,970.
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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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