Aigen Investment Management LP Buys Shares of 29,511 Enbridge Inc. (NYSE:ENB)

Aigen Investment Management LP acquired a new position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 29,511 shares of the pipeline company's stock, valued at approximately $1,199,000.

Several other large investors have also modified their holdings of the stock. Richardson Financial Services Inc. boosted its stake in shares of Enbridge by 28.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company's stock worth $45,000 after acquiring an additional 246 shares in the last quarter. First PREMIER Bank boosted its stake in shares of Enbridge by 1.7% during the 3rd quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company's stock worth $631,000 after acquiring an additional 257 shares in the last quarter. Keudell Morrison Wealth Management boosted its stake in shares of Enbridge by 1.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 20,242 shares of the pipeline company's stock worth $822,000 after acquiring an additional 277 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Enbridge by 56.7% during the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company's stock worth $31,000 after acquiring an additional 279 shares in the last quarter. Finally, MFA Wealth Advisors LLC boosted its stake in shares of Enbridge by 55.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock worth $32,000 after acquiring an additional 280 shares in the last quarter. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Up 0.8 %

Shares of ENB traded up $0.33 during mid-day trading on Wednesday, reaching $42.51. The company's stock had a trading volume of 3,733,409 shares, compared to its average volume of 4,872,786. The business has a fifty day moving average of $41.01 and a 200 day moving average of $38.32. The company has a market cap of $92.56 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 4.10 and a beta of 0.93. Enbridge Inc. has a 1 year low of $32.76 and a 1 year high of $43.00. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.15. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. The business had revenue of $10.91 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the company earned $0.46 earnings per share. As a group, analysts forecast that Enbridge Inc. will post 2.06 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a dividend yield of 6.36%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date is Friday, November 15th. Enbridge's dividend payout ratio (DPR) is currently 122.22%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ENB shares. Morgan Stanley started coverage on Enbridge in a report on Friday, October 25th. They issued an "equal weight" rating for the company. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th. Finally, Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th.

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.