Commerce Bank boosted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,893 shares of the pipeline company’s stock after acquiring an additional 3,597 shares during the period. Commerce Bank’s holdings in Enbridge were worth $1,878,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. NEXT Financial Group Inc lifted its holdings in shares of Enbridge by 17.7% in the 2nd quarter. NEXT Financial Group Inc now owns 2,731 shares of the pipeline company’s stock worth $109,000 after acquiring an additional 411 shares during the last quarter. First Personal Financial Services lifted its holdings in shares of Enbridge by 16.4% in the 2nd quarter. First Personal Financial Services now owns 2,825 shares of the pipeline company’s stock worth $112,000 after acquiring an additional 397 shares during the last quarter. Welch Group LLC bought a new stake in shares of Enbridge in the 2nd quarter worth approximately $121,000. San Francisco Sentry Investment Group CA bought a new stake in shares of Enbridge in the 2nd quarter worth approximately $159,000. Finally, Bbva Compass Bancshares Inc. lifted its holdings in shares of Enbridge by 20.4% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 4,440 shares of the pipeline company’s stock worth $177,000 after acquiring an additional 752 shares during the last quarter. 62.18% of the stock is owned by institutional investors.
Shares of Enbridge Inc (NYSE:ENB) traded up $0.02 during midday trading on Monday, reaching $38.31. 3,287,947 shares of the company’s stock traded hands, compared to its average volume of 4,102,880. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. Enbridge Inc has a 1-year low of $34.39 and a 1-year high of $44.51. The company has a market cap of $63,450.00, a price-to-earnings ratio of 24.86, a PEG ratio of 2.67 and a beta of 0.63.
Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Enbridge had a net margin of 7.49% and a return on equity of 5.62%. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the prior year, the business earned $0.47 EPS. research analysts expect that Enbridge Inc will post 1.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.5278 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.47. This represents a $2.11 annualized dividend and a yield of 5.51%. Enbridge’s dividend payout ratio is 123.38%.
A number of equities research analysts have recently weighed in on the stock. GMP Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Canaccord Genuity reiterated a “buy” rating and set a $54.00 price target on shares of Enbridge in a report on Thursday. Finally, Morgan Stanley lowered their price target on shares of Enbridge from $43.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Enbridge presently has a consensus rating of “Hold” and an average target price of $52.00.
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Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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