Enbridge Inc $ENB Shares Acquired by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp boosted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 4.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,792 shares of the pipeline company’s stock after buying an additional 371 shares during the period. Consolidated Portfolio Review Corp’s holdings in Enbridge were worth $398,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dagco Inc. bought a new stake in shares of Enbridge in the 1st quarter worth approximately $25,000. Garde Capital Inc. bought a new stake in Enbridge during the first quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new position in Enbridge in the first quarter worth approximately $28,000. Accent Capital Management LLC bought a new position in shares of Enbridge in the first quarter valued at $30,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Enbridge by 91.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 365 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Trading Up 0.2%

Shares of NYSE ENB opened at $49.69 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 1.58. Enbridge Inc has a one year low of $39.73 and a one year high of $50.54. The business has a 50-day moving average price of $47.96 and a two-hundred day moving average price of $46.04. The firm has a market capitalization of $108.35 billion, a PE ratio of 24.48, a PEG ratio of 4.54 and a beta of 0.78.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $10.56 billion. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.During the same quarter in the prior year, the company earned $0.58 EPS. As a group, analysts predict that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Friday, August 15th were paid a dividend of $0.6839 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 5.5%. Enbridge’s dividend payout ratio (DPR) is 134.98%.

Analyst Upgrades and Downgrades

ENB has been the subject of several research reports. Jefferies Financial Group raised Enbridge from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. National Bankshares reissued a “sector perform” rating on shares of Enbridge in a research note on Tuesday, August 5th. Argus boosted their price objective on Enbridge from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Finally, Zacks Research cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $60.50.

Enbridge Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.