Janney Montgomery Scott LLC boosted its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 413,276 shares of the pipeline company’s stock after buying an additional 44,052 shares during the period. Janney Montgomery Scott LLC’s holdings in Enbridge were worth $13,345,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Welch Group LLC bought a new stake in Enbridge during the second quarter valued at $109,000. Legacy Advisors LLC bought a new stake in Enbridge during the third quarter valued at $115,000. Spectrum Management Group Inc. bought a new stake in Enbridge during the second quarter valued at $119,000. Centersquare Investment Management LLC boosted its stake in Enbridge by 93.0% during the second quarter. Centersquare Investment Management LLC now owns 3,610 shares of the pipeline company’s stock valued at $129,000 after buying an additional 1,740 shares during the period. Finally, Truvestments Capital LLC bought a new stake in Enbridge during the third quarter valued at $137,000. 58.28% of the stock is owned by institutional investors.
Shares of ENB stock opened at $32.83 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.59 and a quick ratio of 0.47. Enbridge Inc has a 12-month low of $29.00 and a 12-month high of $41.21. The stock has a market cap of $57.20 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.37 and a beta of 0.53.
Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, November 2nd. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Enbridge had a return on equity of 8.81% and a net margin of 3.95%. The firm had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. Equities research analysts anticipate that Enbridge Inc will post 2.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.21%. The ex-dividend date is Wednesday, November 14th. Enbridge’s dividend payout ratio (DPR) is currently 132.47%.
ENB has been the subject of several research analyst reports. Wells Fargo & Co raised Enbridge from a “market perform” rating to an “outperform” rating in a research note on Monday, November 5th. Zacks Investment Research raised Enbridge from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Monday, October 8th. UBS Group initiated coverage on Enbridge in a research note on Thursday, October 4th. They set a “buy” rating for the company. ValuEngine raised Enbridge from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Enbridge in a research note on Monday, September 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Enbridge has a consensus rating of “Buy” and a consensus target price of $49.17.
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Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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