Enbridge (TSE:ENB) Hits New 1-Year High – Should You Buy?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) reached a new 52-week high during trading on Friday . The company traded as high as C$74.42 and last traded at C$74.26, with a volume of 1524440 shares traded. The stock had previously closed at C$73.12.

Analyst Ratings Changes

ENB has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on Enbridge from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Raymond James Financial lifted their price target on Enbridge from C$75.00 to C$77.00 and gave the company a “moderate buy” rating in a report on Tuesday, February 17th. National Bank Financial upped their price target on shares of Enbridge from C$71.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. ATB Cormark Capital Markets increased their price objective on shares of Enbridge from C$72.00 to C$78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Finally, TD Securities cut shares of Enbridge from a “buy” rating to a “hold” rating and raised their price objective for the company from C$70.00 to C$72.00 in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$73.31.

Enbridge Trading Up 1.6%

The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 170.86. The company has a market cap of C$162.07 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.72 and a beta of 1.00. The business has a 50-day moving average price of C$68.77 and a two-hundred day moving average price of C$67.51.

Enbridge (TSE:ENB) (NYSE:ENB) last posted 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 return on equity of 12.34% and a net margin of 11.50%. On average, analysts predict that Enbridge Inc. will post 3.511912 EPS for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Sunday, March 1st were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Tuesday, February 17th. This is a boost from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio is currently 117.08%.

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.