Shares of Enbridge (TSE:ENB) are moving above the 200 day moving average of $50.40

Shares of Enbridge Inc. (TSE:ENB – Get Your Free Report ) (NYSE:ENB) moved above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $50.40 and traded as high as $55.44. Enbridge stock last traded at $54.94 with a volume of 4,312,469 shares traded.

Analyst upgrades and downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Enbridge from $56.00 to $57.00 in a report on Wednesday, August 7th. Scotiabank downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a report on Friday, June 14th. BMO Capital Markets boosted their price objective on Enbridge from $54.00 to $56.00 in a report on Thursday, September 5th. National Bankshares boosted their price objective on Enbridge from $53.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company boosted their price objective on Enbridge from $45.00 to $48.00 in a report on Tuesday, June 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.33, based on data from MarketBeat.com.

Read our latest report on ENB

Enbridge stock fell 0.9%

The company’s 50-day simple moving average is $53.35, and its 200-day simple moving average is $50.40. The company has a market cap of $119.77 billion, a P/E ratio of 21.13, a PEG ratio of 0.75 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44, and a current ratio of 0.76.

Enbridge (TSE:ENB – Get Your Free Report ) (NYSE:ENB) last released its earnings results on Friday, August 2nd. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.62 by C($0.04). The business had revenue of $11.34 billion for the quarter, compared to the consensus estimate of $5.86 billion. Enbridge had a net margin of 13.54% and a return on equity of 8.57%. On average, research analysts expect that Enbridge Inc. will post 3.0459834 earnings per share for the current fiscal year.

Enbridge announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were given a $0.915 dividend. This represents a dividend of $3.66 on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend was Thursday, August 15. Enbridge’s dividend yield is currently 140.77%.

Insider work at Enbridge

In other news, Director Steven Walter Williams purchased 18,600 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $53.74 per share, for a total transaction of $999,564.00. In other news, Director Steven Walter Williams purchased 18,600 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $53.74 per share, for a total transaction of $999,564.00. Also, COO Maximilian Chan sold 688 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $55.20, for a total transaction of $37,977.60. 0.10% of shares are held by corporate insiders.

About Enbridge

(Get a free report)

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: liquids pipelines, gas transportation and midstream, gas distribution and storage, renewable energy generation and energy services. The Liquid Pipelines segment operates pipelines and related terminals to transport various types of crude oil and other liquid hydrocarbons in Canada and the United States.

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