Enbridge Inc. (ENB) Insider Laszlo Varsanyi Buys 600 Shares

Enbridge Inc. (TSE:ENB) (NYSE:ENB) insider Laszlo Varsanyi purchased 600 shares of Enbridge stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of C$35.49 per share, with a total value of C$21,294.00.

Laszlo Varsanyi also recently made the following trade(s):

  • On Wednesday, November 15th, Laszlo Varsanyi sold 2,700 shares of Enbridge stock. The shares were sold at an average price of C$23.85, for a total transaction of C$64,395.00.
  • On Monday, September 18th, Laszlo Varsanyi purchased 200 shares of Enbridge stock. The shares were purchased at an average cost of C$50.38 per share, with a total value of C$10,076.00.

Shares of Enbridge Inc. (ENB) opened at C$45.95 on Tuesday. Enbridge Inc. has a one year low of C$43.91 and a one year high of C$58.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Tuesday, November 14th. Enbridge’s dividend payout ratio (DPR) is presently 119.03%.

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Several equities analysts have recently issued reports on the stock. TD Securities boosted 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, August 8th. CIBC cut their price objective on shares of Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. National Bank Financial cut their price objective on shares of Enbridge from C$67.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Scotiabank cut their price objective on shares of 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, Royal Bank Of Canada cut their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Enbridge has an average rating of “Buy” and a consensus price target of C$63.66.

Enbridge Company Profile

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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