Insider Selling: Enbridge Inc (ENB) Insider Sells 9,700 Shares of Stock

Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Vernon Dai-Chung Yu sold 9,700 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were 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.

Enbridge Inc (TSE ENB) traded up C$0.09 on Friday, reaching C$49.57. 1,830,000 shares of the company traded hands, compared to its average volume of 2,970,000. Enbridge Inc has a 52 week low of C$43.91 and a 52 week high of C$58.28. The stock has a market capitalization of $83,630.00, a PE ratio of 25.29 and a beta of 0.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, November 29th will be paid a $0.671 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Wednesday, February 14th. Enbridge’s dividend payout ratio (DPR) is presently 119.03%.

A number of equities research analysts have weighed in on the stock. CIBC cut their price objective on shares of Enbridge from C$67.00 to C$63.00 in a report on Friday, December 1st. Canaccord Genuity cut their price target on shares of Enbridge from C$59.00 to C$54.00 in a report on Thursday, November 30th. TD Securities cut their price target on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Royal Bank of Canada lowered their price objective on shares of Enbridge from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 13th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$66.00 price objective on shares of Enbridge in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Enbridge has a consensus 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.

Insider Buying and Selling by Quarter for Enbridge (TSE:ENB)

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