Captrust Financial Advisors Buys 19,458 Shares of Enbridge Inc. (NYSE:ENB)

Captrust Financial Advisors lifted its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,010 shares of the pipeline company's stock after acquiring an additional 19,458 shares during the period. Captrust Financial Advisors' holdings in Enbridge were worth $14,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ENB. Janus Henderson Group PLC raised its position in shares of Enbridge by 2.1% during the first quarter. Janus Henderson Group PLC now owns 215,629 shares of the pipeline company's stock valued at $7,800,000 after buying an additional 4,400 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Enbridge by 8.0% in the 1st quarter. Tidal Investments LLC now owns 40,565 shares of the pipeline company's stock worth $1,468,000 after acquiring an additional 3,008 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Enbridge by 3.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 429,829 shares of the pipeline company's stock worth $15,549,000 after acquiring an additional 14,996 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Enbridge by 21.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,069 shares of the pipeline company's stock worth $322,000 after purchasing an additional 1,572 shares in the last quarter. Finally, Stokes Family Office LLC increased its position in shares of Enbridge by 5.8% during the second quarter. Stokes Family Office LLC now owns 6,224 shares of the pipeline company's stock valued at $222,000 after purchasing an additional 340 shares during the period. Institutional investors own 54.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ENB shares. Morgan Stanley started coverage on shares of Enbridge in a research note on Friday, October 25th. They set an "equal weight" rating on the stock. Jefferies Financial Group lowered shares of Enbridge from a "buy" rating to a "hold" rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company raised shares of Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th.

Enbridge Price Performance

Enbridge stock traded up $0.48 during mid-day trading on Friday, hitting $43.38. 2,648,406 shares of the company were exchanged, compared to its average volume of 4,369,068. Enbridge Inc. has a 1-year low of $32.85 and a 1-year high of $43.70. The company has a market capitalization of $94.48 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 4.26 and a beta of 0.93. The business has a fifty day moving average of $41.62 and a 200 day moving average of $38.89. 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 earnings results on Friday, November 1st. The pipeline company reported $0.55 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 for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the business earned $0.46 EPS. As a group, sell-side analysts expect that Enbridge Inc. will post 2.04 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a $0.676 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.23%. Enbridge's dividend payout ratio (DPR) is 121.76%.

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.