First Allied Advisory Services Inc. Buys 1,605 Shares of Enbridge Inc (ENB)
First Allied Advisory Services Inc. boosted its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,370 shares of the pipeline company’s stock after buying an additional 1,605 shares during the period. First Allied Advisory Services Inc.’s holdings in Enbridge were worth $1,251,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Enbridge by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,663 shares of the pipeline company’s stock worth $265,000 after buying an additional 22 shares during the last quarter. Omnia Family Wealth LLC boosted its stake in Enbridge by 0.4% during the second quarter. Omnia Family Wealth LLC now owns 7,405 shares of the pipeline company’s stock worth $295,000 after buying an additional 28 shares during the period. HM Payson & Co. boosted its stake in Enbridge by 0.8% during the second quarter. HM Payson & Co. now owns 6,440 shares of the pipeline company’s stock worth $256,000 after buying an additional 50 shares during the period. FineMark National Bank & Trust increased its position in Enbridge by 0.6% during the second quarter. FineMark National Bank & Trust now owns 9,291 shares of the pipeline company’s stock valued at $370,000 after acquiring an additional 53 shares during the last quarter. Finally, Hudock Capital Group LLC increased its position in Enbridge by 1.0% during the second quarter. Hudock Capital Group LLC now owns 6,269 shares of the pipeline company’s stock valued at $249,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 61.58% of the company’s stock.
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Several equities research analysts have recently weighed in on ENB shares. Morgan Stanley reissued an “equal weight” rating and issued a $44.00 target price (down previously from $45.00) on shares of Enbridge in a research note on Friday, July 14th. BidaskClub raised shares of Enbridge from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Enbridge in a report on Friday, June 23rd. Finally, Zacks Investment Research downgraded Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Enbridge currently has an average rating of “Hold” and a consensus target price of $54.67.
Shares of Enbridge Inc (ENB) traded down 0.22% during trading on Monday, reaching $41.75. 206,075 shares of the company’s stock were exchanged. The stock has a market cap of $68.71 billion, a P/E ratio of 32.77 and a beta of 0.65. The company has a 50 day moving average of $40.46 and a 200 day moving average of $40.52. Enbridge Inc has a 12-month low of $37.37 and a 12-month high of $45.09.
Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Thursday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.05). Enbridge had a net margin of 5.28% and a return on equity of 6.04%. The business had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $8.81 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. Equities research analysts anticipate that Enbridge Inc will post $1.64 EPS for the current year.
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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