Vestmark Advisory Solutions Inc. Has $450,000 Holdings in Enbridge Inc $ENB

Vestmark Advisory Solutions Inc. decreased its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 18.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,920 shares of the pipeline company’s stock after selling 2,256 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Enbridge were worth $450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENB. Dagco Inc. bought a new stake in Enbridge in the 1st quarter valued at $25,000. Whipplewood Advisors LLC increased its holdings in shares of Enbridge by 112.4% in the second quarter. Whipplewood Advisors LLC now owns 582 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 308 shares during the last quarter. Accent Capital Management LLC bought a new position in shares of Enbridge in the first quarter valued at about $30,000. FNY Investment Advisers LLC bought a new position in shares of Enbridge in the second quarter valued at about $36,000. Finally, Private Wealth Asset Management LLC lifted its stake in shares of Enbridge by 289.7% during the 2nd quarter. Private Wealth Asset Management LLC now owns 834 shares of the pipeline company’s stock worth $38,000 after buying an additional 620 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Trading Up 0.7%

Shares of NYSE:ENB opened at $48.27 on Wednesday. The business’s 50 day simple moving average is $48.27 and its 200 day simple moving average is $46.79. Enbridge Inc has a 1 year low of $39.73 and a 1 year high of $50.54. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.65. The company has a market capitalization of $105.28 billion, a P/E ratio of 23.78, a P/E/G ratio of 4.31 and a beta of 0.76.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $8.45 billion. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, research analysts anticipate that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.9425 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.77 annualized dividend and a yield of 7.8%. This is an increase from Enbridge’s previous quarterly dividend of $0.68. Enbridge’s payout ratio is 147.25%.

Analysts Set New Price Targets

ENB has been the topic of a number of research reports. Scotiabank reiterated a “sector perform” rating on shares of Enbridge in a research note on Monday. Royal Bank Of Canada upped their target price on Enbridge from $67.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday. Jefferies Financial Group upgraded Enbridge from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Zacks Research cut Enbridge from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Monday. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Enbridge 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.