Commerzbank Aktiengesellschaft FI boosted its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 22.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,219 shares of the pipeline company’s stock after purchasing an additional 5,982 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Enbridge were worth $1,390,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of ENB. First Personal Financial Services grew its holdings in Enbridge by 16.4% in the second quarter. First Personal Financial Services now owns 2,825 shares of the pipeline company’s stock worth $112,000 after purchasing an additional 397 shares during the period. Spectrum Management Group Inc. acquired a new position in shares of Enbridge during the third quarter valued at about $113,000. Welch Group LLC acquired a new position in shares of Enbridge during the second quarter valued at about $121,000. San Francisco Sentry Investment Group CA acquired a new position in shares of Enbridge during the second quarter valued at about $159,000. Finally, NEXT Financial Group Inc grew its holdings in shares of Enbridge by 53.6% during the third quarter. NEXT Financial Group Inc now owns 4,196 shares of the pipeline company’s stock valued at $174,000 after buying an additional 1,465 shares during the last quarter. Institutional investors and hedge funds own 62.18% of the company’s stock.
Enbridge Inc (NYSE ENB) traded down $0.25 on Thursday, hitting $38.14. 2,288,400 shares of the company were exchanged, compared to its average volume of 4,087,261. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.50. Enbridge Inc has a one year low of $34.39 and a one year high of $44.51. The company has a market capitalization of $63,483.59, a price-to-earnings ratio of 24.93, a P/E/G ratio of 2.67 and a beta of 0.64.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Enbridge had a net margin of 7.49% and a return on equity of 5.62%. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period last year, the firm earned $0.47 earnings per share. analysts predict that Enbridge Inc will post 1.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.5278 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.47. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Wednesday, February 14th. Enbridge’s dividend payout ratio (DPR) is presently 120.76%.
ENB has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. GMP Securities cut shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub cut shares of Enbridge from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Morgan Stanley reduced their price objective on shares of Enbridge from $43.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $54.00 price objective on shares of Enbridge in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Enbridge presently has an average rating of “Hold” and a consensus price target of $52.00.
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.
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