Highlander Capital Management LLC Maintains Stake in Enbridge Inc (ENB)
Highlander Capital Management LLC continued to hold its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,561 shares of the pipeline company’s stock at the end of the 2nd quarter. Highlander Capital Management LLC’s holdings in Enbridge were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently bought and sold shares of ENB. Monroe Bank & Trust MI purchased a new stake in shares of Enbridge in the 1st quarter valued at approximately $105,000. NEXT Financial Group Inc grew its stake 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 valued at $109,000 after buying an additional 411 shares during the period. First Personal Financial Services grew its stake 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 valued at $112,000 after buying an additional 397 shares during the period. Welch Group LLC purchased a new stake in shares of Enbridge in the 2nd quarter valued at approximately $121,000. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Enbridge in the 2nd quarter valued at approximately $159,000. 61.58% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $44.00 price target (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 reissued a “neutral” rating on shares of Enbridge in a research note on Friday, June 23rd. Finally, Zacks Investment Research cut shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $56.00.
Shares of Enbridge Inc (NYSE:ENB) traded down 0.1784% during trading on Monday, hitting $41.2463. 397,377 shares of the stock traded hands. The firm has a market cap of $67.88 billion, a PE ratio of 32.3754 and a beta of 0.65. The company’s 50 day moving average is $40.82 and its 200 day moving average is $40.56. Enbridge Inc has a 52-week low of $37.37 and a 52-week high of $45.09.
Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $8.26 billion for the quarter, compared to analysts’ expectations of $8.81 billion. Enbridge had a return on equity of 6.04% and a net margin of 5.28%. During the same quarter last year, the firm earned $0.50 earnings per share. On average, equities research analysts predict that Enbridge Inc will post $1.63 EPS for the current year.
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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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