Inspire Advisors LLC Has $870,000 Holdings in Enbridge Inc $ENB

Inspire Advisors LLC raised its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 72.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,202 shares of the pipeline company’s stock after buying an additional 8,057 shares during the quarter. Inspire Advisors LLC’s holdings in Enbridge were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ENB. Brighton Jones LLC acquired a new stake in shares of Enbridge during the fourth quarter worth about $261,000. Private Advisor Group LLC grew its position in shares of Enbridge by 3.2% in the 1st quarter. Private Advisor Group LLC now owns 133,287 shares of the pipeline company’s stock valued at $5,906,000 after purchasing an additional 4,178 shares during the period. Csenge Advisory Group increased its stake in Enbridge by 3.9% during the 1st quarter. Csenge Advisory Group now owns 9,197 shares of the pipeline company’s stock worth $417,000 after purchasing an additional 347 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in Enbridge by 32.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 71,428 shares of the pipeline company’s stock worth $3,165,000 after buying an additional 17,300 shares during the period. Finally, IFP Advisors Inc lifted its stake in Enbridge by 2.5% in the first quarter. IFP Advisors Inc now owns 17,996 shares of the pipeline company’s stock valued at $798,000 after buying an additional 439 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ENB has been the topic of several research reports. Royal Bank Of Canada boosted their price objective on shares of Enbridge from $67.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Jefferies Financial Group upgraded Enbridge from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Enbridge in a report on Monday. Argus upped their price objective on Enbridge from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a report on Monday, November 10th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.00.

Enbridge Trading Up 1.1%

Shares of NYSE:ENB opened at $48.29 on Wednesday. The company’s 50-day moving average price is $48.26 and its two-hundred day moving average price is $46.85. Enbridge Inc has a one year low of $39.73 and a one 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 stock has a market capitalization of $105.33 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 4.31 and a beta of 0.76.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $8.45 billion. During the same quarter in the prior year, the company earned $0.55 EPS. On average, equities analysts forecast 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. Investors of record on Friday, November 14th will be paid a $0.9425 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, November 14th. This represents a $3.77 annualized dividend and a yield of 7.8%. Enbridge’s dividend payout ratio (DPR) is 147.80%.

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.