Jarislowsky Fraser Ltd Has $937.17 Million Holdings in Enbridge Inc (ENB)
Jarislowsky Fraser Ltd raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,487,721 shares of the pipeline company’s stock after acquiring an additional 254,158 shares during the quarter. Enbridge makes up 5.6% of Jarislowsky Fraser Ltd’s holdings, making the stock its 4th largest holding. Jarislowsky Fraser Ltd owned about 1.36% of Enbridge worth $937,167,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. HM Payson & Co. grew its position in Enbridge by 2,570.5% in the 3rd quarter. HM Payson & Co. now owns 171,977 shares of the pipeline company’s stock valued at $7,196,000 after acquiring an additional 165,537 shares during the last quarter. Sei Investments Co. grew its position in Enbridge by 17.4% in the 3rd quarter. Sei Investments Co. now owns 191,716 shares of the pipeline company’s stock valued at $8,022,000 after acquiring an additional 28,346 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Enbridge by 497.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 117,882 shares of the pipeline company’s stock valued at $4,932,000 after acquiring an additional 98,165 shares during the last quarter. HL Financial Services LLC grew its position in Enbridge by 8.0% in the 3rd quarter. HL Financial Services LLC now owns 56,890 shares of the pipeline company’s stock valued at $2,380,000 after acquiring an additional 4,208 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC grew its position in Enbridge by 0.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 676,054 shares of the pipeline company’s stock valued at $28,286,000 after acquiring an additional 4,162 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.
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A number of research firms have recently issued reports on ENB. BidaskClub raised Enbridge from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised Enbridge from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, GMP Securities downgraded Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.33.
Enbridge Inc (ENB) traded down $0.46 on Monday, hitting $36.02. The stock had a trading volume of 742,394 shares, compared to its average volume of 4,102,315. Enbridge Inc has a fifty-two week low of $36.33 and a fifty-two week high of $44.51. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. The company has a market cap of $59,740.00, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 2.27 and a beta of 0.64.
Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Enbridge had a return on equity of 5.62% and a net margin of 7.49%. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the company earned $0.47 EPS. equities analysts forecast that Enbridge Inc will post 1.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.474 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.33. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Tuesday, November 14th. Enbridge’s dividend payout ratio is 127.92%.
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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