Enbridge Inc (ENB) Insider Bradley Francis Shamla Sells 2,642 Shares

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Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Bradley Francis Shamla sold 2,642 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of C$42.00, for a total value of C$110,964.00.

Bradley Francis Shamla also recently made the following trade(s):

  • On Friday, August 17th, Bradley Francis Shamla sold 2,895 shares of Enbridge stock. The shares were sold at an average price of C$47.05, for a total value of C$136,209.75.

Shares of TSE ENB opened at C$43.43 on Wednesday. Enbridge Inc has a 1-year low of C$37.36 and a 1-year high of C$51.04.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th will be given a dividend of $0.671 per share. The ex-dividend date is Wednesday, November 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.18%.

ENB has been the subject of several research reports. CIBC reduced their price objective on Enbridge from C$57.00 to C$55.00 in a report on Wednesday, October 24th. BMO Capital Markets reduced their price objective on Enbridge from C$60.00 to C$59.00 in a report on Monday. Royal Bank of Canada increased their price objective on Enbridge from C$54.00 to C$59.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Wells Fargo & Co increased their price objective on Enbridge from C$54.00 to C$55.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, TD Securities increased their price objective on Enbridge from C$54.00 to C$56.00 in a report on Monday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Enbridge presently has a consensus rating of “Buy” and an average price target of C$54.00.

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About Enbridge

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

Further Reading: Dollar Cost Averaging

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

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