--- title: "Enbridge Inc. (TSE:ENB) Receives Average Rating of \"Hold\" from Brokerages" description: "Enbridge Inc. has received a consensus rating of \"Hold\" from twelve brokerages, with seven analysts recommending a hold and five a buy. The average price target set by analysts is C$48.67. Recent anal" type: "news" locale: "en" url: "https://longbridge.com/en/news/212452898.md" published_at: "2024-08-25T05:27:24.000Z" --- # Enbridge Inc. (TSE:ENB) Receives Average Rating of "Hold" from Brokerages > Enbridge Inc. has received a consensus rating of "Hold" from twelve brokerages, with seven analysts recommending a hold and five a buy. The average price target set by analysts is C$48.67. Recent analyses include price target adjustments from firms like JPMorgan, BMO Capital Markets, and Scotiabank. Enbridge's recent earnings report revealed an EPS of C$0.58 and a quarterly dividend announcement with a yield of 6.83%. The company operates as an energy infrastructure provider across several segments including Liquids Pipelines and Energy Services. Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has been given a consensus rating of "Hold" by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$53.67. - Is Enbridge Stock Too Cheap to Pass Up Now? A number of equities research analysts have weighed in on ENB shares. JPMorgan Chase & Co. raised their price objective on Enbridge from C$56.00 to C$57.00 in a research note on Wednesday, August 7th. BMO Capital Markets upped their price target on shares of Enbridge from C$52.00 to C$54.00 and gave the company a "market perform" rating in a report on Monday, May 13th. Scotiabank lowered shares of Enbridge from a "strong-buy" rating to a "hold" rating in a report on Friday, June 14th. National Bankshares upped their target price on shares of Enbridge from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a research note on Friday. Finally, CIBC lifted their price target on Enbridge from C$57.00 to C$59.00 in a research note on Monday, July 15th. **Get Our Latest Stock Analysis on Enbridge** ## Insider Activity - 5 Best High-Yield Dividend Stocks for Any Economic Climate In related news, Director Steven Walter Williams acquired 18,600 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of C$53.74 per share, with a total value of C$999,564.00. 0.10% of the stock is owned by insiders. ## Enbridge Stock Up 0.8 % ENB opened at C$53.60 on Friday. The company has a market cap of C$116.85 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 0.75 and a beta of 0.91. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. Enbridge has a 1 year low of C$42.75 and a 1 year high of C$54.49. The firm has a 50 day moving average price of C$50.48 and a 200 day moving average price of C$49.12. Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last released its quarterly earnings data on Friday, August 2nd. The company reported C$0.58 EPS for the quarter, missing the consensus estimate of C$0.62 by C($0.04). The company had revenue of C$11.34 billion during the quarter, compared to analysts' expectations of C$5.86 billion. Enbridge had a net margin of 13.54% and a return on equity of 8.57%. Sell-side analysts expect that Enbridge will post 2.8031746 earnings per share for the current year. ## Enbridge Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th will be given a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 6.83%. The ex-dividend date of this dividend is Thursday, August 15th. Enbridge's dividend payout ratio is 140.77%. ## Enbridge Company Profile (Get Free Report Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. ## Recommended Stories - Five stocks we like better than Enbridge - 3 Grocery Stocks That Can Help Take a Bite Out of Inflation - CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play - What is Insider Trading? What You Can Learn from Insider Trading - 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze - Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours? - MarketBeat Week in Review – 8/19 - 8/23 *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Secure this "AI Fuel" Stock Before the Billionaires Buy It All (From Behind the Markets) (Ad)## Should you invest $1,000 in Enbridge right now? Before you consider Enbridge, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list. While Enbridge currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. 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