National Bank Financial upgraded shares of Enbridge Inc (TSE:ENB) from a sector perform rating to an outperform rating in a research report report published on Monday, AnalystRatingsNetwork.com reports.

In other news, insider Steven Ray Bloxom sold 21,800 shares of the firm’s stock in a transaction dated Wednesday, December 30th. The shares were sold at an average price of C$45.49, for a total transaction of C$991,682.00. Also, Director Dan Curtis Tutcher sold 14,200 shares of the firm’s stock in a transaction dated Monday, December 28th. The stock was sold at an average price of C$33.02, for a total transaction of C$468,884.00.

Shares of Enbridge (TSE:ENB) opened at 44.98 on Monday. Enbridge has a 1-year low of $40.03 and a 1-year high of $66.14. The company has a 50-day moving average of $44.16 and a 200-day moving average of $51.11. The company’s market cap is $38.85 billion.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 16th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.47%.

Several other research analysts have also recently commented on the stock. Barclays reduced their target price on shares of Enbridge from C$68.00 to C$62.00 in a report on Monday, January 11th. BMO Capital Markets initiated coverage on shares of Enbridge in a report on Friday, October 23rd. They set an outperform rating and a C$66.00 target price for the company. RBC Capital restated an outperform rating and set a C$71.00 target price on shares of Enbridge in a report on Thursday, January 21st. JPMorgan Chase & Co. initiated coverage on shares of Enbridge in a report on Tuesday, December 15th. They set an overweight rating and a C$65.00 target price for the company. Finally, Scotiabank reduced their target price on shares of Enbridge from C$74.00 to C$70.00 and set an outperform rating for the company in a report on Friday, November 6th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of C$64.58.

Enbridge Inc. (TSE:ENB) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Company’s natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Company’s energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Company’s 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridge’s interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy, Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

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