First Heartland Consultants Inc. Sells 24,051 Shares of Enbridge Inc. (NYSE:ENB)

First Heartland Consultants Inc. decreased its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 69.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,529 shares of the pipeline company's stock after selling 24,051 shares during the quarter. First Heartland Consultants Inc.'s holdings in Enbridge were worth $428,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust raised its stake in shares of Enbridge by 56.7% in the third quarter. Grove Bank & Trust now owns 771 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 279 shares during the last quarter. MFA Wealth Advisors LLC raised its position in Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 280 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in Enbridge in the second quarter worth $28,000. William B. Walkup & Associates Inc. bought a new stake in shares of Enbridge during the second quarter worth $28,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Enbridge in the first quarter valued at $29,000. 54.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Enbridge Trading Up 0.8 %

NYSE:ENB traded up $0.33 on Wednesday, hitting $42.51. 3,733,409 shares of the stock were exchanged, compared to its average volume of 4,872,786. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. Enbridge Inc. has a 52 week low of $32.76 and a 52 week high of $43.00. The stock has a market capitalization of $92.56 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 4.10 and a beta of 0.93. The company's 50-day moving average price is $41.01 and its 200 day moving average price is $38.32.

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 for the quarter, beating the consensus estimate of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the business posted $0.46 earnings per share. On average, equities research analysts forecast that Enbridge Inc. will post 2.06 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be paid 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 dividend on an annualized basis and a dividend yield of 6.36%. Enbridge's payout ratio is 122.22%.

Enbridge 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.