Enbridge (ENB) Scheduled to Post Quarterly Earnings on Friday

Enbridge (TSE:ENB) (NYSE:ENB) will be issuing its quarterly earnings data before the market opens on Friday, February 16th. Analysts expect the company to announce earnings of C$0.55 per share for the quarter.

Shares of Enbridge (TSE:ENB) opened at C$43.36 on Friday. Enbridge has a 12 month low of C$42.20 and a 12 month high of C$57.75. The company has a market capitalization of $73,160.00, a price-to-earnings ratio of 22.12 and a beta of 0.18.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, November 29th will be paid a $0.671 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Wednesday, February 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.61. Enbridge’s payout ratio is currently 119.03%.

ENB has been the topic of a number of research reports. CIBC dropped their price objective on Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. Royal Bank of Canada dropped their price objective on Enbridge from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. BMO Capital Markets dropped their price objective on Enbridge from C$66.00 to C$63.00 in a research note on Tuesday. Scotiabank dropped their price objective on Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Finally, TD Securities dropped their price objective on Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Enbridge currently has an average rating of “Buy” and an average target price of C$60.16.

In related news, insider Laszlo Varsanyi sold 2,700 shares of Enbridge stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of C$23.85, for a total value of C$64,395.00. Also, insider Vernon Dai-Chung Yu sold 9,700 shares of Enbridge stock in a transaction on Monday, December 18th. The stock was sold at an average price of C$50.20, for a total value of C$486,940.00. Insiders sold a total of 16,419 shares of company stock worth $752,365 over the last 90 days.

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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.

Earnings History for Enbridge (TSE:ENB)

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