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

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

Shares of Enbridge Inc (TSE:ENB) traded up C$0.57 on Friday, hitting C$49.89. The company had a trading volume of 11,157,739 shares, compared to its average volume of 3,029,450. Enbridge Inc has a 1-year low of C$43.91 and a 1-year high of C$58.28.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, November 29th will be given a $0.671 dividend. 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 annualized dividend and a dividend yield of 5.38%. Enbridge’s payout ratio is currently 119.03%.

Several equities analysts have recently issued reports on the company. CIBC decreased 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 target price on Enbridge from C$62.00 to C$61.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank of Canada decreased their target price on Enbridge from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and issued a C$66.00 price objective on shares of Enbridge in a research report on Wednesday. Finally, National Bank Financial decreased their price objective on Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Enbridge has an average rating of “Buy” and a consensus price target 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.

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