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

Enbridge Inc (ENB) Insider Bradley Francis Shamla Sold 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 on Friday, March 24th. The shares were sold at an average price of C$54.80, for a total transaction of C$281,398.00.

Shares of Enbridge Inc (TSE:ENB) traded up 1.60% on Tuesday, reaching $56.01. 1,590,284 shares of the company’s stock traded hands. Enbridge Inc has a 52 week low of $48.60 and a 52 week high of $59.19. The company’s 50-day moving average is $55.41 and its 200-day moving average is $56.64. The firm has a market capitalization of $52.83 billion and a P/E ratio of 29.02.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid a $0.583 dividend. This represents a $2.33 dividend on an annualized basis and a dividend yield of 4.23%. This is a boost from Enbridge’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, February 13th.

A number of equities research analysts recently weighed in on the stock. GMP Securities raised their price target on shares of Enbridge from C$64.00 to C$66.00 in a report on Tuesday, February 21st. TD Securities raised their price target on shares of Enbridge from C$62.00 to C$64.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a C$72.00 price target on shares of Enbridge in a report on Monday, March 6th. Royal Bank of Canada raised their price target on shares of Enbridge from C$64.00 to C$69.00 and gave the company an “outperform” rating in a report on Monday, December 19th. Finally, National Bank Financial raised their price target on shares of Enbridge from C$63.00 to C$66.00 in a report on Wednesday, January 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus 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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