Blair William & Co. IL Buys 2,042 Shares of Enbridge Inc $ENB

Blair William & Co. IL raised its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 122,994 shares of the pipeline company’s stock after purchasing an additional 2,042 shares during the period. Blair William & Co. IL’s holdings in Enbridge were worth $5,574,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dagco Inc. bought a new stake in Enbridge during the first quarter valued at about $25,000. Garde Capital Inc. bought a new position in shares of Enbridge in the first quarter worth about $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Enbridge in the first quarter worth about $28,000. Accent Capital Management LLC bought a new position in Enbridge during the first quarter valued at approximately $30,000. Finally, Wolff Wiese Magana LLC boosted its stake in Enbridge by 91.3% during the first quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company’s stock valued at $34,000 after buying an additional 365 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Down 0.7%

Shares of NYSE ENB opened at $47.67 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $103.96 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 4.38 and a beta of 0.78. The stock’s fifty day simple moving average is $48.41 and its two-hundred day simple moving average is $46.28. Enbridge Inc has a 12-month low of $39.73 and a 12-month high of $50.54.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. The business had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $10.56 billion. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.During the same quarter last year, the firm earned $0.58 EPS. As a group, analysts expect that Enbridge Inc will post 2.14 EPS 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 given a dividend of $0.6839 per share. This is a boost 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 annualized dividend and a yield of 5.7%. Enbridge’s payout ratio is 134.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ENB shares. National Bankshares reissued a “sector perform” rating on shares of Enbridge in a research note on Tuesday, August 5th. Argus increased their price target on Enbridge from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded Enbridge from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.50.

Enbridge Company 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.