Colony Group LLC raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,473 shares of the pipeline company’s stock after acquiring an additional 2,833 shares during the quarter. Colony Group LLC’s holdings in Enbridge were worth $5,770,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in ENB. Manchester Financial Inc. purchased a new position in shares of Enbridge in the second quarter valued at $25,000. Westside Investment Management Inc. purchased a new position in shares of Enbridge in the second quarter valued at $25,000. Strategic Blueprint LLC purchased a new position in shares of Enbridge in the third quarter valued at $27,000. Bridger Capital Management LLC purchased a new position in shares of Enbridge in the third quarter valued at $34,000. Finally, SRS Capital Advisors Inc. purchased a new position in shares of Enbridge in the second quarter valued at $35,000. 53.77% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on ENB. Evercore ISI restated a “hold” rating and issued a $48.00 price target on shares of Enbridge in a research report on Tuesday, November 12th. Citigroup raised their price target on Enbridge from $46.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. ValuEngine cut Enbridge from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. UBS Group upgraded Enbridge from a “neutral” rating to a “buy” rating and raised their price target for the company from $50.00 to $54.00 in a research report on Monday. Finally, Barclays cut Enbridge from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $52.00 to $51.00 in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.86.
Enbridge stock opened at $37.95 on Thursday. The stock has a market cap of $76.46 billion, a PE ratio of 18.51, a P/E/G ratio of 2.84 and a beta of 0.58. The stock has a 50-day moving average price of $36.83 and a 200 day moving average price of $35.55. Enbridge Inc has a 52 week low of $28.82 and a 52 week high of $38.77. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.94.
Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $11.65 billion. Enbridge had a return on equity of 8.31% and a net margin of 12.07%. During the same quarter last year, the business posted $0.55 EPS. On average, equities analysts predict that Enbridge Inc will post 2.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a dividend of $0.561 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.56. Enbridge’s dividend payout ratio (DPR) is currently 108.78%.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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