Enbridge Inc (ENB) Insider Bradley Francis Shamla Sells 3,019 Shares

Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Bradley Francis Shamla sold 3,019 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$50.00, for a total value of C$150,950.00.

Enbridge Inc (TSE ENB) traded down C$0.16 during midday trading on Friday, reaching C$49.16. 1,965,500 shares of the company’s stock traded hands, compared to its average volume of 3,240,000. Enbridge Inc has a fifty-two week low of C$43.91 and a fifty-two week high of C$58.28. The stock has a market capitalization of $82,940.00, a price-to-earnings ratio of 25.08 and a beta of 0.28.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.671 per share. The ex-dividend date is Wednesday, February 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.46%. Enbridge’s payout ratio is 119.03%.

Several research analysts have issued reports on ENB shares. CIBC dropped their target price on Enbridge from C$71.00 to C$69.00 in a research report on Tuesday, October 17th. TD Securities decreased their price target on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Scotiabank decreased their price target on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Royal Bank of Canada decreased their price target on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Finally, National Bank Financial reduced their price objective on shares of Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Enbridge presently has a consensus rating of “Buy” and a consensus target price of C$60.47.

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About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Insider Buying and Selling by Quarter for Enbridge (TSE:ENB)

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