Wisconsin Wealth Advisors LLC Makes New Investment in Enbridge Inc $ENB

Wisconsin Wealth Advisors LLC bought a new position in Enbridge Inc (NYSE:ENB) (TSE:ENB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,703 shares of the pipeline company’s stock, valued at approximately $802,000.

A number of other institutional investors have also added to or reduced their stakes in ENB. Dagco Inc. bought a new position in Enbridge in the 1st quarter worth about $25,000. Whipplewood Advisors LLC lifted its stake in shares of Enbridge by 112.4% in the second quarter. Whipplewood Advisors LLC now owns 582 shares of the pipeline company’s stock worth $26,000 after buying an additional 308 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in Enbridge in the 2nd quarter valued at approximately $29,000. Accent Capital Management LLC bought a new stake in shares of Enbridge in the first quarter worth $30,000. Finally, Addison Advisors LLC purchased a new stake in Enbridge during the second quarter valued at $35,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Up 0.1%

Shares of ENB stock opened at $48.66 on Thursday. The company has a market cap of $106.14 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 4.31 and a beta of 0.76. The stock’s fifty day moving average price is $48.26 and its 200 day moving average price is $46.86. 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.

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

Enbridge Increases Dividend

The business 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. This represents a $3.77 annualized dividend and a yield of 7.7%. The ex-dividend date is Friday, November 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.68. Enbridge’s dividend payout ratio (DPR) is currently 147.80%.

Analysts Set New Price Targets

A number of research firms have issued reports on ENB. Jefferies Financial Group upgraded Enbridge from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Argus upped their target price on shares of Enbridge from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. CIBC downgraded shares of Enbridge from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 9th. National Bankshares restated a “sector perform” rating on shares of Enbridge in a research note on Monday, November 10th. Finally, Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Enbridge currently has a consensus rating of “Hold” and a consensus target price 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.