Enbridge Inc (ENB) Director Wanda Marie Opheim Sells 28,000 Shares
Enbridge Inc (TSE:ENB) (NYSE:ENB) Director Wanda Marie Opheim sold 28,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of C$51.00, for a total transaction of C$1,428,000.00.
Enbridge Inc (ENB) traded up 0.35% during midday trading on Thursday, reaching $51.14. 1,430,863 shares of the company were exchanged. The firm’s 50-day moving average is $50.40 and its 200-day moving average is $53.00. The firm has a market cap of $84.17 billion and a P/E ratio of 33.01. Enbridge Inc has a one year low of $48.98 and a one year high of $59.18.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Friday, August 11th.
A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of Enbridge from C$67.00 to C$64.00 and set an “outperform” rating for the company in a report on Monday, June 12th. GMP Securities lowered their price target on shares of Enbridge from C$64.00 to C$61.25 in a report on Friday, June 16th. Finally, TD Securities raised their price target on shares of Enbridge from C$62.00 to C$64.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Enbridge presently has an average rating of “Buy” and an average target price of C$64.18.
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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