Oppenheimer Asset Management Inc. boosted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,596 shares of the pipeline company’s stock after acquiring an additional 1,803 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Enbridge were worth $1,907,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital World Investors increased its stake in shares of Enbridge by 8.2% in the second quarter. Capital World Investors now owns 149,378,598 shares of the pipeline company’s stock valued at $5,948,565,000 after purchasing an additional 11,294,003 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Enbridge by 0.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,491,107 shares of the pipeline company’s stock valued at $1,945,188,000 after purchasing an additional 279,597 shares during the period. TD Asset Management Inc. increased its stake in shares of Enbridge by 3.4% in the third quarter. TD Asset Management Inc. now owns 44,896,840 shares of the pipeline company’s stock valued at $1,871,055,000 after purchasing an additional 1,495,767 shares during the period. Vanguard Group Inc. increased its stake in shares of Enbridge by 4.5% in the second quarter. Vanguard Group Inc. now owns 40,741,765 shares of the pipeline company’s stock valued at $1,621,930,000 after purchasing an additional 1,758,679 shares during the period. Finally, Capital International Investors increased its stake in shares of Enbridge by 2.1% in the second quarter. Capital International Investors now owns 38,180,126 shares of the pipeline company’s stock valued at $1,520,465,000 after purchasing an additional 788,202 shares during the period. 62.18% of the stock is currently owned by hedge funds and other institutional investors.
Enbridge Inc (NYSE:ENB) traded down $0.02 during midday trading on Tuesday, hitting $38.54. 438,567 shares of the company were exchanged, compared to its average volume of 4,060,588. Enbridge Inc has a fifty-two week low of $34.39 and a fifty-two week high of $44.51. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $63,400.91, a price-to-earnings ratio of 24.90, a PEG ratio of 2.67 and a beta of 0.64.
Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. Enbridge had a net margin of 7.49% and a return on equity of 5.62%. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the business earned $0.47 earnings per share. analysts forecast that Enbridge Inc will post 1.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a dividend of $0.5278 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Wednesday, February 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.47. Enbridge’s dividend payout ratio (DPR) is currently 120.76%.
ENB has been the topic of several analyst reports. BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. GMP Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research lowered shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Morgan Stanley dropped their price target on shares of Enbridge from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Finally, Canaccord Genuity restated a “buy” rating and issued a $54.00 price target on shares of Enbridge in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.00.
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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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