4,443 Shares in Enbridge Inc $ENB Bought by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC purchased a new stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,443 shares of the pipeline company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dagco Inc. bought a new position in shares of Enbridge in the 1st quarter valued at about $25,000. Garde Capital Inc. bought a new stake in shares of Enbridge in the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Enbridge in the 1st quarter worth approximately $28,000. Accent Capital Management LLC bought a new position in shares of Enbridge during the 1st quarter valued at approximately $30,000. Finally, Wolff Wiese Magana LLC raised its holdings in Enbridge by 91.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company’s stock valued at $34,000 after buying an additional 365 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ENB has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Enbridge from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Zacks Research cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Wall Street Zen downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a research note on Saturday, September 27th. Finally, Argus boosted their target price on Enbridge from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.50.

Enbridge Trading Up 0.8%

ENB opened at $50.11 on Monday. The stock’s fifty day moving average is $48.06 and its two-hundred day moving average is $46.12. The company has a market capitalization of $109.27 billion, a P/E ratio of 24.68, a PEG ratio of 4.58 and a beta of 0.78. Enbridge Inc has a 52 week low of $39.73 and a 52 week high of $50.54. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 1.58.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The company had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $10.56 billion. During the same period in the prior year, the business earned $0.58 EPS. Analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 15th were paid a dividend of $0.6839 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, August 15th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 5.5%. Enbridge’s dividend payout ratio (DPR) is currently 134.98%.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.