Enbridge Inc $ENB Stake Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,456,664 shares of the pipeline company’s stock after acquiring an additional 266,866 shares during the quarter. Enbridge accounts for about 2.0% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 11th largest position. TD Waterhouse Canada Inc. owned 0.74% of Enbridge worth $760,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. YANKCOM Partnership grew its stake in Enbridge by 2.6% in the 3rd quarter. YANKCOM Partnership now owns 13,649 shares of the pipeline company’s stock worth $635,000 after buying an additional 343 shares in the last quarter. Financial & Tax Architects LLC increased its holdings in shares of Enbridge by 22.4% in the 3rd quarter. Financial & Tax Architects LLC now owns 13,612 shares of the pipeline company’s stock worth $633,000 after buying an additional 2,488 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Enbridge by 24.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 10,613 shares of the pipeline company’s stock valued at $503,000 after buying an additional 2,109 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Enbridge by 2.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 82,970 shares of the pipeline company’s stock valued at $3,866,000 after buying an additional 2,217 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Enbridge by 9.8% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 54,271 shares of the pipeline company’s stock worth $2,523,000 after acquiring an additional 4,827 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Trading Up 2.7%

NYSE ENB traded up $1.25 during trading on Friday, hitting $48.08. 6,885,804 shares of the company’s stock traded hands, compared to its average volume of 4,227,302. The stock has a fifty day moving average of $48.82 and a two-hundred day moving average of $52.73. Enbridge Inc has a 12-month low of $45.03 and a 12-month high of $58.45. The firm has a market cap of $107.17 billion, a P/E ratio of 25.71, a PEG ratio of 5.58 and a beta of 0.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $9.70 billion during the quarter, compared to analyst estimates of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%. During the same quarter in the previous year, the company posted $0.65 EPS. As a group, sell-side analysts expect that Enbridge Inc will post 2.10 EPS for the current year.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a C$0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Friday, August 14th. Enbridge’s payout ratio is 147.06%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ENB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a research report on Wednesday, August 19th. Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. TD Securities reissued a “buy” rating on shares of Enbridge in a research note on Friday. TD upgraded Enbridge to a “buy” rating in a research report on Tuesday, September 15th. Finally, Scotiabank raised Enbridge to a “strong-buy” rating in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.88.

Enbridge Company Profile

Enbridge Inc (NYSE: ENB) is a Canadian energy infrastructure company that transports and distributes oil, natural gas and renewable energy across North America. Its operations include crude oil and liquids pipelines, natural gas transmission and storage, natural gas distribution and utility services, and renewable power generation. The company serves customers and communities in Canada and the United States.

Enbridge’s liquids pipeline network transports crude oil and other liquid hydrocarbons to refineries, export terminals and market hubs.