24,024 Shares in Enbridge Inc. (NYSE:ENB) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 24,024 shares of the pipeline company's stock, valued at approximately $976,000.

A number of other institutional investors have also recently added to or reduced their stakes in ENB. Richardson Financial Services Inc. grew its position in shares of Enbridge by 28.4% in the third quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company's stock valued at $45,000 after purchasing an additional 246 shares during the period. First PREMIER Bank lifted its stake in Enbridge by 1.7% in the 3rd quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company's stock valued at $631,000 after buying an additional 257 shares in the last quarter. Keudell Morrison Wealth Management boosted its holdings in Enbridge by 1.4% in the 3rd quarter. Keudell Morrison Wealth Management now owns 20,242 shares of the pipeline company's stock worth $822,000 after buying an additional 277 shares during the last quarter. Grove Bank & Trust increased its stake in 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 buying an additional 279 shares in the last quarter. Finally, MFA Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

Enbridge Price Performance

NYSE:ENB opened at $43.26 on Friday. Enbridge Inc. has a one year low of $32.85 and a one year high of $43.70. The stock has a market cap of $94.22 billion, a PE ratio of 20.03, a P/E/G ratio of 4.23 and a beta of 0.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. The stock has a 50 day moving average price of $41.40 and a 200 day moving average price of $38.68.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.15. The business 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 EPS. Equities research analysts expect that Enbridge Inc. will post 2.06 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced 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 6.25%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. Enbridge's payout ratio is presently 121.76%.

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.