Enbridge Inc. (TSE:ENB) Plans Quarterly Dividend of $0.97

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Tuesday, February 17th, TickerTech Dividends reports. Shareholders of record on Sunday, March 1st will be paid a dividend of 0.97 per share on Sunday, March 1st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, February 17th. This is a 2.9% increase from Enbridge’s previous quarterly dividend of $0.94.

Enbridge Stock Up 3.8%

Shares of Enbridge stock opened at C$73.30 on Friday. Enbridge has a one year low of C$56.51 and a one year high of C$73.71. The company has a market cap of C$160.01 billion, a P/E ratio of 28.75, a PEG ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The firm has a fifty day moving average of C$65.87 and a two-hundred day moving average of C$66.46.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings results on Friday, February 13th. The company reported C$0.88 earnings per share (EPS) for the quarter. The business had revenue of C$17.18 billion for the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. On average, analysts forecast that Enbridge will post 3.511912 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. National Bank Financial lifted their price objective on Enbridge from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. BMO Capital Markets raised their price target on Enbridge from C$67.00 to C$70.00 in a report on Thursday, December 4th. Raymond James Financial upped their price objective on Enbridge from C$74.00 to C$76.00 in a report on Monday, November 10th. ATB Cormark Capital Markets set a C$72.00 price objective on Enbridge and gave the stock an “outperform” rating in a research report on Tuesday, December 23rd. Finally, Scotiabank raised Enbridge from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from C$70.00 to C$73.00 in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$71.31.

Enbridge Company Profile

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.