Enbridge Inc. (TSE:ENB – Get Rating) (NYSE:ENB)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$53.22 and traded as low as C$50.12. Enbridge shares last traded at C$50.28, with a volume of 2,817,954 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on ENB shares. BMO Capital Markets lowered Enbridge from an "outperform" rating to a "market perform" rating and dropped their price target for the company from C$60.00 to C$55.00 in a research report on Wednesday, January 25th. Barclays upped their price target on Enbridge from C$53.00 to C$54.00 in a research report on Thursday, March 16th. CSFB lowered Enbridge from a "neutral" rating to an "underperform" rating and upped their price target for the company from C$52.00 to C$53.00 in a research report on Wednesday, February 8th. Scotiabank dropped their price target on Enbridge from C$54.00 to C$52.00 in a research report on Friday, December 9th. Finally, CIBC upped their price target on Enbridge from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research report on Thursday, March 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$58.23.
Get Enbridge alerts:Enbridge Price Performance
The company has a debt-to-equity ratio of 129.03, a current ratio of 0.60 and a quick ratio of 0.44. The company has a 50-day simple moving average of C$52.75 and a two-hundred day simple moving average of C$53.19. The stock has a market capitalization of C$103.34 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 4.96 and a beta of 0.88.
Enbridge Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, March 1st were given a $0.887 dividend. The ex-dividend date was Tuesday, February 14th. This is a positive change from Enbridge's previous quarterly dividend of $0.86. This represents a $3.55 annualized dividend and a yield of 6.94%. Enbridge's dividend payout ratio (DPR) is currently 277.34%.
About Enbridge
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Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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