Enbridge (TSE:ENB) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Enbridge (TSE:ENB) (NYSE:ENB) from a buy rating to a hold rating in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has C$76.00 price target on the stock, up from their prior price target of C$71.00.

A number of other analysts have also issued reports on the stock. Scotiabank upgraded shares of Enbridge from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from C$70.00 to C$73.00 in a research note on Friday, January 16th. Royal Bank Of Canada boosted their target price on shares of Enbridge from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD Securities cut shares of Enbridge from a “buy” rating to a “hold” rating and increased their price target for the stock from C$70.00 to C$72.00 in a research report on Tuesday. ATB Cormark Capital Markets lifted their price target on Enbridge from C$72.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, National Bank Financial upped their price objective on Enbridge from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$73.31.

Enbridge Trading Up 1.3%

TSE:ENB opened at C$70.65 on Tuesday. The stock has a market cap of C$154.15 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. Enbridge has a one year low of C$56.51 and a one year high of C$73.71. 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 business’s 50-day simple moving average is C$66.29 and its 200 day simple moving average is C$66.66.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%.The firm had revenue of C$17.18 billion during the quarter. As a group, sell-side analysts predict that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Sunday, March 1st will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio (DPR) is presently 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.