Entropy Technologies LP bought a new stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,361 shares of the pipeline company's stock, valued at approximately $624,000.
Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in shares of Enbridge by 19.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,991 shares of the pipeline company's stock worth $253,000 after acquiring an additional 1,136 shares in the last quarter. Sei Investments Co. increased its stake in Enbridge by 6.1% in the first quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company's stock valued at $9,922,000 after purchasing an additional 15,650 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Enbridge by 5.9% during the 1st quarter. Bleakley Financial Group LLC now owns 17,485 shares of the pipeline company's stock worth $633,000 after buying an additional 973 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Enbridge during the 1st quarter worth approximately $250,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Enbridge in the 1st quarter valued at $1,133,000. Hedge funds and other institutional investors own 54.60% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on ENB shares. Jefferies Financial Group cut shares of Enbridge from a "buy" rating to a "hold" rating in a research report on Monday, September 30th. Morgan Stanley assumed coverage on Enbridge in a report on Friday, October 25th. They issued an "equal weight" rating for the company. Finally, Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 6th.
Check Out Our Latest Stock Report on Enbridge
Enbridge Stock Performance
ENB traded down $0.91 on Friday, hitting $42.18. 5,555,274 shares of the company traded hands, compared to its average volume of 4,879,259. Enbridge Inc. has a 12-month low of $32.76 and a 12-month high of $43.31. The company has a 50 day moving average of $41.11 and a 200-day moving average of $38.39. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $91.86 billion, a PE ratio of 19.47, a PEG ratio of 4.13 and a beta of 0.93.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.15. The firm had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same period last year, the company earned $0.46 earnings per share. Sell-side analysts anticipate that Enbridge Inc. will post 2.06 earnings per share for the current 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. The ex-dividend date is Friday, November 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.70 annualized dividend and a yield of 6.41%. Enbridge's payout ratio is currently 122.22%.
Enbridge Profile
(
Free Report)
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.
Featured Stories
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
