Enbridge Inc (ENB) Insider Bradley Francis Shamla Sells 5,135 Shares

Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Bradley Francis Shamla sold 5,135 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of C$54.80, for a total transaction of C$281,398.00.

Enbridge Inc (TSE:ENB) traded up 0.64% during mid-day trading on Monday, hitting $55.03. 1,180,455 shares of the stock were exchanged. The firm has a market cap of $51.90 billion and a P/E ratio of 28.51. Enbridge Inc has a 12-month low of $48.60 and a 12-month high of $59.19. The company has a 50 day moving average of $55.47 and a 200 day moving average of $56.64.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were given a $0.583 dividend. The ex-dividend date was Monday, February 13th. This represents a $2.33 dividend on an annualized basis and a yield of 4.26%. This is a boost from Enbridge’s previous quarterly dividend of $0.53.

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A number of research firms have commented on ENB. BMO Capital Markets reissued an “outperform” rating and set a C$72.00 target price on shares of Enbridge in a research report on Monday, March 6th. Royal Bank of Canada raised their target price on shares of Enbridge from C$64.00 to C$69.00 and gave the company an “outperform” rating in a research report on Monday, December 19th. TD Securities raised their target price on shares of Enbridge from C$62.00 to C$64.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. National Bank Financial raised their target price on shares of Enbridge from C$63.00 to C$66.00 in a research report on Wednesday, January 25th. Finally, Citigroup Inc reissued a “neutral” rating and set a C$60.00 target price on shares of Enbridge in a research report on Wednesday, January 18th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$64.08.

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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