Parametric Portfolio Associates LLC increased its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,047,171 shares of the pipeline company’s stock after buying an additional 9,270 shares during the quarter. Parametric Portfolio Associates LLC owned 0.06% of Enbridge worth $43,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Spectrum Management Group Inc. acquired a new position in Enbridge in the 3rd quarter worth about $113,000. Welch Group LLC acquired a new position in Enbridge in the 2nd quarter worth about $121,000. Fieldpoint Private Securities LLC acquired a new position in Enbridge in the 3rd quarter worth about $130,000. Valeo Financial Advisors LLC acquired a new position in Enbridge in the 3rd quarter worth about $146,000. Finally, San Francisco Sentry Investment Group CA acquired a new position in Enbridge in the 2nd quarter worth about $159,000. Institutional investors and hedge funds own 62.14% of the company’s stock.
A number of equities analysts have commented on ENB shares. GMP Securities cut Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $54.00 price target on shares of Enbridge in a report on Thursday, November 30th. Zacks Investment Research raised Enbridge from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Morgan Stanley lowered their price objective on Enbridge from $43.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. Finally, Bank of America initiated coverage on Enbridge in a research report on Tuesday. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.00.
Enbridge Inc (NYSE:ENB) traded up $0.26 on Friday, hitting $39.74. The stock had a trading volume of 2,460,000 shares, compared to its average volume of 2,560,000. Enbridge Inc has a 1-year low of $34.39 and a 1-year high of $44.51. The stock has a market capitalization of $67,110.00, a price-to-earnings ratio of 25.47, a P/E/G ratio of 2.53 and a beta of 0.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.50 and a current ratio of 0.64.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.54 billion. Enbridge had a return on equity of 5.62% and a net margin of 7.49%. During the same period last year, the business posted $0.47 earnings per share. research analysts expect that Enbridge Inc will post 1.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.5278 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.47. This represents a $2.11 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend is Wednesday, February 14th. Enbridge’s dividend payout ratio (DPR) is presently 123.08%.
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Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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