Enbridge (TSE:ENB) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$65.74 and traded as high as C$66.18. Enbridge shares last traded at C$66.05, with a volume of 7,008,109 shares traded.

Analyst Ratings Changes

ENB has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their target price on shares of Enbridge from C$67.00 to C$72.00 in a research note on Monday, November 10th. CIBC dropped their target price on Enbridge from C$71.00 to C$69.00 in a report on Wednesday, December 17th. Jefferies Financial Group dropped their price objective on Enbridge from C$73.00 to C$71.00 in a research note on Tuesday, December 23rd. Cibc World Mkts downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Finally, ATB Capital set a C$72.00 price target on shares of Enbridge and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Enbridge has a consensus rating of “Moderate Buy” and a consensus target price of C$71.50.

Enbridge Stock Up 0.9%

The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The stock has a market capitalization of C$144.19 billion, a PE ratio of 25.90, a PEG ratio of 1.72 and a beta of 0.90. The company has a 50 day moving average price of C$65.69 and a 200-day moving average price of C$65.78.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.46 EPS for the quarter. The company had revenue of C$14.64 billion during the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. As a group, analysts forecast that Enbridge Inc. will post 3.511912 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were paid a dividend of $0.9425 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.7%. Enbridge’s payout ratio is presently 146.76%.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.