Yesterday it was reported that the Executive Vice-President of Enbridge (ENB), Byron Craig Neiles, exercised options to sell 5,229 ENB shares for a total transaction value of $217.2K.
Following this transaction Byron Craig Neiles’ holding in the company was decreased by 38% to a total of $3.63 million. In addition to Byron Craig Neiles, 4 other ENB executives reported Sell trades in the last month.
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The company has a one-year high of $43.15 and a one-year low of $22.57. ENB’s market cap is $66.41 billion and the company has a P/E ratio of 41.20.
Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $40.31, reflecting a -20.6% downside.
The insider sentiment on Enbridge has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Byron Craig Neiles’ trades have generated a -6.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Enbridge, Inc. engages in the provision of gas and oil businesses. It operates through the following segments: Liquid Pipelines, Gas Distribution, Gas Transmission and Midstream, Green Power and Transmission and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest and other feeder pipelines. The Gas Distribution segment consists of the company’s natural gas utility operations which serve residential, commercial and industrial customers, primarily in central and eastern Ontario as well as northern New York State. The Gas Transmission and Midstream segment comprises of investments in natural gas pipelines, processing and green energy projects, the company’s commodity marketing businesses and international activities. The Green Power and Transmission segment consists of the company’s investments in renewable energy assets and transmission facilities. The Energy Services segment consists of businesses in Canada and the United States undertake physical commodity marketing activity and logistical services, oversee refinery supply services and manage the company’s volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.