Clear Perspective Advisors LLC Continues to Hold Position in Enbridge Inc (ENB)
Clear Perspective Advisors LLC maintained its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,955 shares of the pipeline company’s stock at the close of the 2nd quarter. Clear Perspective Advisors LLC’s holdings in Enbridge were worth $237,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of ENB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Enbridge by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,663 shares of the pipeline company’s stock valued at $265,000 after buying an additional 22 shares during the last quarter. Omnia Family Wealth LLC lifted its holdings in shares of Enbridge by 0.4% during the 2nd quarter. Omnia Family Wealth LLC now owns 7,405 shares of the pipeline company’s stock valued at $295,000 after buying an additional 28 shares during the period. HM Payson & Co. boosted its stake in shares of Enbridge by 0.8% in the 2nd 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 last quarter. FineMark National Bank & Trust boosted its stake in shares of Enbridge by 0.6% in the 2nd quarter. FineMark National Bank & Trust now owns 9,291 shares of the pipeline company’s stock worth $370,000 after buying an additional 53 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its stake in shares of Enbridge by 1.0% in the 2nd quarter. Hudock Capital Group LLC now owns 6,269 shares of the pipeline company’s stock worth $249,000 after buying an additional 61 shares during the last quarter. 61.58% of the stock is owned by institutional investors and hedge funds.
Shares of Enbridge Inc (NYSE ENB) traded down 0.05% during midday trading on Wednesday, hitting $41.95. 910,451 shares of the stock were exchanged. The firm’s 50-day moving average is $40.62 and its 200-day moving average is $40.54. The stock has a market cap of $69.04 billion, a price-to-earnings ratio of 32.93 and a beta of 0.65. Enbridge Inc has a 12 month low of $37.37 and a 12 month high of $45.09.
Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.81 billion. Enbridge had a net margin of 5.28% and a return on equity of 6.04%. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Equities research analysts predict that Enbridge Inc will post $1.64 earnings per share for the current year.
Several brokerages recently commented on ENB. Morgan Stanley reaffirmed an “equal weight” rating and issued a $44.00 price objective (down previously from $45.00) on shares of Enbridge in a report on Friday, July 14th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Enbridge in a research report on Friday, June 23rd. Zacks Investment Research cut Enbridge from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub raised Enbridge from a “strong sell” rating to a “sell” rating in a report on Saturday, June 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Enbridge has an average rating of “Hold” and an average price target of $54.67.
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Enbridge Company Profile
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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