Enbridge Inc (TSE:ENB) (NYSE:ENB) Director Michael E.J. Phelps sold 500 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of C$34.01, for a total value of C$17,005.00.
Michael E.J. Phelps also recently made the following trade(s):
- On Thursday, December 14th, Michael E.J. Phelps sold 900 shares of Enbridge stock. The shares were sold at an average price of C$50.06, for a total value of C$45,054.00.
Enbridge Inc (TSE ENB) traded up C$0.17 during trading on Friday, reaching C$42.74. The company had a trading volume of 2,977,800 shares, compared to its average volume of 3,420,000. Enbridge Inc has a twelve month low of C$42.00 and a twelve month high of C$57.75. The stock has a market capitalization of $72,440.00, a PE ratio of 25.29 and a beta of 0.18.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, November 29th will be given a dividend of $0.671 per share. This represents a $2.68 annualized dividend and a yield of 6.28%. This is a boost from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Wednesday, February 14th. Enbridge’s payout ratio is presently 142.78%.
A number of research firms recently issued reports on ENB. TD Securities decreased their price objective on Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Royal Bank of Canada decreased their price objective on Enbridge from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 13th. BMO Capital Markets reiterated an “outperform” rating and set a C$66.00 price objective on shares of Enbridge in a research note on Wednesday, December 13th. CIBC decreased their price objective on Enbridge from C$67.00 to C$63.00 in a research note on Friday, December 1st. Finally, National Bank Financial decreased their price objective on Enbridge from C$67.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$59.28.
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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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