Laszlo Varsanyi Sells 2,700 Shares of Enbridge Inc. (ENB) Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) insider Laszlo Varsanyi sold 2,700 shares of Enbridge stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of C$23.85, for a total transaction of C$64,395.00.

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

  • On Monday, September 18th, Laszlo Varsanyi bought 200 shares of Enbridge stock. The shares were bought at an average cost of C$50.38 per share, with a total value of C$10,076.00.
  • On Friday, August 18th, Laszlo Varsanyi bought 500 shares of Enbridge stock. The shares were bought at an average cost of C$49.38 per share, with a total value of C$24,690.00.

Enbridge Inc. (ENB) traded up C$0.85 during trading on Friday, hitting C$44.86. 4,268,600 shares of the stock were exchanged, compared to its average volume of 2,971,483. Enbridge Inc. has a fifty-two week low of C$43.91 and a fifty-two week high of C$58.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.44%. Enbridge’s dividend payout ratio is currently 119.03%.

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A number of equities research analysts have issued reports on the stock. TD Securities lifted their target price on shares of Enbridge from C$62.00 to C$64.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. CIBC decreased their target price on shares of Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. National Bank Financial decreased their target price on shares of Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Scotiabank decreased their target price on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada decreased their target price on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Enbridge has a consensus rating of “Buy” and a consensus target price 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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