Meixler Investment Management Ltd. bought a new stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 18,728 shares of the pipeline company's stock, valued at approximately $761,000.
Several other large investors have also bought and sold shares of the business. Richardson Financial Services Inc. increased its holdings in Enbridge by 28.4% in the third quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company's stock worth $45,000 after purchasing an additional 246 shares in the last quarter. First PREMIER Bank increased its holdings in shares of Enbridge by 1.7% in the 3rd quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company's stock worth $631,000 after buying an additional 257 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in shares of Enbridge by 1.4% in the 3rd quarter. Keudell Morrison Wealth Management now owns 20,242 shares of the pipeline company's stock valued at $822,000 after acquiring an additional 277 shares during the last quarter. Grove Bank & Trust grew its position in shares of Enbridge by 56.7% in the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company's stock worth $31,000 after buying an additional 279 shares during the last quarter. Finally, MFA Wealth Advisors LLC lifted its position in Enbridge by 55.6% during the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock valued at $32,000 after buying an additional 280 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.
Enbridge Trading Up 1.0 %
Enbridge stock traded up $0.42 during mid-day trading on Monday, hitting $42.75. The company's stock had a trading volume of 2,174,789 shares, compared to its average volume of 4,879,882. The company has a 50 day moving average of $40.92 and a 200-day moving average of $38.23. The stock has a market cap of $93.10 billion, a PE ratio of 19.75, a P/E/G ratio of 4.11 and a beta of 0.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.68 and a current ratio of 0.62. Enbridge Inc. has a one year low of $32.76 and a one year high of $42.89.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating 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 company had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the company posted $0.46 EPS. On average, research analysts anticipate that Enbridge Inc. will post 2.06 EPS for the current year.
Enbridge Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be issued a $0.676 dividend. This represents a $2.70 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is currently 122.22%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on ENB shares. Jefferies Financial Group downgraded Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley began coverage on Enbridge in a research note on Friday, October 25th. They set an "equal weight" rating for the company.
Check Out Our Latest Stock Analysis on Enbridge
About Enbridge
(
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.
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