Vernon Dai-Chung Yu Sells 9,700 Shares of Enbridge Inc (ENB) Stock

Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Vernon Dai-Chung Yu sold 9,700 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of C$50.20, for a total transaction of C$486,940.00.

Vernon Dai-Chung Yu also recently made the following trade(s):

  • On Monday, October 2nd, Vernon Dai-Chung Yu sold 13,179 shares of Enbridge stock. The shares were sold at an average price of C$52.07, for a total transaction of C$686,230.53.

Shares of Enbridge Inc (TSE ENB) opened at C$49.42 on Thursday. Enbridge Inc has a 52-week low of C$43.91 and a 52-week high of C$58.28.

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 given a dividend of $0.671 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 5.43%. Enbridge’s dividend payout ratio (DPR) is 119.03%.

A number of research analysts recently issued reports on ENB shares. CIBC dropped their price objective on shares of Enbridge from C$67.00 to C$63.00 in a report on Friday, December 1st. Canaccord Genuity dropped their price objective on shares of Enbridge from C$59.00 to C$54.00 in a report on Thursday, November 30th. TD Securities dropped their price objective on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Royal Bank of Canada dropped their price objective on shares of Enbridge from C$63.00 to C$59.00 and set an “outperform” rating for the company in a report on Wednesday, December 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$66.00 price objective on shares of Enbridge in a report on Wednesday, December 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average 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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