Enbridge Income Fund Holdings Inc (TSE:ENF) Price Target Cut to C$36.00

Enbridge Income Fund Holdings Inc (TSE:ENF) had its price objective lowered by TD Securities from C$38.00 to C$36.00 in a research report report published on Friday, November 3rd. TD Securities currently has a buy rating on the stock.

ENF has been the topic of several other reports. Scotiabank cut their price objective on Enbridgeome Fund Holdings from C$38.00 to C$37.00 and set an outperform rating on the stock in a research report on Friday, November 3rd. CIBC cut their price objective on Enbridgeome Fund Holdings from C$38.00 to C$35.00 in a research report on Tuesday, October 17th. National Bank Financial cut their price objective on Enbridgeome Fund Holdings from C$38.00 to C$35.00 and set a sector perform rating on the stock in a research report on Friday, November 3rd. Royal Bank Of Canada lowered their target price on Enbridgeome Fund Holdings from C$35.00 to C$33.00 and set a sector perform rating for the company in a research note on Friday, November 3rd. Finally, BMO Capital Markets lowered their target price on Enbridgeome Fund Holdings from C$35.00 to C$34.00 in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of C$35.00.

Enbridgeome Fund Holdings (ENF) opened at C$29.37 on Friday. Enbridgeome Fund Holdings has a 52-week low of C$27.93 and a 52-week high of C$36.31.

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The firm also recently announced a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.171 per share. The ex-dividend date was Friday, September 29th. This represents a $2.05 annualized dividend and a dividend yield of 6.99%. Enbridgeome Fund Holdings’s dividend payout ratio is presently 95.09%.

About Enbridgeome Fund Holdings

Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets. The Company’s business is limited to ownership of its interest in Enbridge Income Fund (the Fund). The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders.

Analyst Recommendations for Enbridgeome Fund Holdings (TSE:ENF)

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