Enbridge (ENB) Insider Buys C$248,880.00 in Stock

Enbridge (TSE:ENB) (NYSE:ENB) insider Robert Ross Rooney acquired 6,100 shares of Enbridge stock in a transaction dated Thursday, March 15th. The shares were purchased at an average cost of C$40.80 per share, with a total value of C$248,880.00.

ENB stock traded down C$1.12 during midday trading on Friday, hitting C$38.48. The company had a trading volume of 3,779,800 shares, compared to its average volume of 3,534,976. Enbridge has a 12 month low of C$38.40 and a 12 month high of C$57.75. The firm has a market cap of $69,600.00, a P/E ratio of 22.77 and a beta of 0.26.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, February 16th. The company reported C$0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.53 by C$0.08. Enbridge had a return on equity of 6.04% and a net margin of 11.00%. The firm had revenue of C$12.89 billion for the quarter, compared to the consensus estimate of C$11.73 billion.

A number of analysts have recently issued reports on the company. CIBC cut their price objective on Enbridge from C$63.00 to C$60.00 in a research report on Friday, March 16th. Canaccord Genuity lowered their price objective on Enbridge from C$59.00 to C$54.00 in a research note on Thursday, November 30th. BMO Capital Markets lowered their price objective on Enbridge from C$66.00 to C$63.00 in a research note on Tuesday, February 6th. Wells Fargo lowered their price objective on Enbridge from C$52.00 to C$50.00 in a research note on Thursday. Finally, TD Securities lowered 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Enbridge presently has an average rating of “Buy” and an average price target of C$57.47.

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Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

Insider Buying and Selling by Quarter for Enbridge (TSE:ENB)

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