Enbridge Inc (ENB) Insider Sells C$686,230.53 in Stock
Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Vernon Dai-Chung Yu sold 13,179 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of C$52.07, for a total value of C$686,230.53.
Enbridge Inc (ENB) traded up 0.21% during mid-day trading on Friday, hitting $51.80. The company had a trading volume of 1,060,490 shares. The firm has a market capitalization of $85.25 billion and a PE ratio of 33.44. Enbridge Inc has a 1-year low of $48.98 and a 1-year high of $59.18. The company has a 50 day moving average of $50.78 and a 200 day moving average of $52.59.
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ENB has been the topic of a number of research analyst reports. TD Securities upped their target price on Enbridge from C$62.00 to C$64.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. GMP Securities reduced their target price on Enbridge from C$64.00 to C$61.25 in a report on Friday, June 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$64.18.
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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