Insider Selling: Enbridge Inc (ENB) Insider Sells C$150,950.00 in Stock

Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Bradley Francis Shamla sold 3,019 shares of Enbridge stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of C$50.00, for a total value of C$150,950.00.

Shares of Enbridge Inc (TSE:ENB) opened at C$49.89 on Monday. Enbridge Inc has a twelve month low of C$43.91 and a twelve month high of C$58.28.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, November 29th will be issued a dividend of $0.671 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.38%. Enbridge’s payout ratio is 119.03%.

A number of equities research analysts have recently weighed in on ENB shares. Canaccord Genuity dropped their price target on Enbridge from C$59.00 to C$54.00 in a research note on Thursday, November 30th. National Bank Financial dropped their price target on 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. TD Securities dropped their price target on Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday. CIBC dropped their price target on Enbridge from C$69.00 to C$67.00 in a research note on Friday, November 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a C$66.00 price target on shares of Enbridge in a research note on Wednesday, December 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$60.47.

WARNING: “Insider Selling: Enbridge Inc (ENB) Insider Sells C$150,950.00 in Stock” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://sportsperspectives.com/2017/12/18/insider-selling-enbridge-inc-enb-insider-sells-c150950-00-in-stock.html.

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)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply