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Enbridge Inc. beat earnings expectations, raised its dividend, and faced mixed analyst ratings.
Enbridge Inc., a major energy infrastructure firm, saw institutional investors adjust their stakes, with some buying more shares.
The company reported quarterly earnings of $0.55 per share, beating expectations by $0.15.
Enbridge also announced a $0.67 quarterly dividend, with a $2.68 annual dividend and a yield of 6.19%.
Analysts have given mixed ratings, with an average "Hold" and a price target of $63.00.
Enbridge operates through five segments, including Liquids Pipelines and Renewable Power Generation.
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Enbridge Inc. superó las expectativas de ganancias, aumentó su dividendo y se enfrentó a calificaciones de analistas mixtas.