Enbridge Inc $ENB Shares Acquired by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. boosted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,660 shares of the pipeline company’s stock after purchasing an additional 518 shares during the period. Enbridge makes up 1.5% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 24th biggest position. A. D. Beadell Investment Counsel Inc.’s holdings in Enbridge were worth $2,023,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Capital Investment Counsel Inc boosted its stake in Enbridge by 3.1% during the 1st quarter. Capital Investment Counsel Inc now owns 7,527 shares of the pipeline company’s stock valued at $333,000 after acquiring an additional 223 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Enbridge by 0.7% during the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 34,326 shares of the pipeline company’s stock valued at $1,526,000 after acquiring an additional 226 shares during the last quarter. Loudon Investment Management LLC boosted its stake in Enbridge by 1.1% during the 1st quarter. Loudon Investment Management LLC now owns 21,201 shares of the pipeline company’s stock valued at $939,000 after acquiring an additional 240 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its stake in Enbridge by 1.7% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 14,606 shares of the pipeline company’s stock valued at $662,000 after acquiring an additional 242 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its position in shares of Enbridge by 4.8% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 5,304 shares of the pipeline company’s stock worth $235,000 after buying an additional 243 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Enbridge Stock Down 0.8%

ENB stock opened at $49.57 on Friday. Enbridge Inc has a 52 week low of $39.73 and a 52 week high of $50.15. The company has a market capitalization of $108.11 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 4.57 and a beta of 0.80. The firm’s 50-day moving average is $47.49 and its two-hundred day moving average is $45.80. 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 (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, August 1st. The pipeline company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $10.56 billion. During the same period in the previous year, the firm earned $0.58 EPS. On average, analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared 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 positive change from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, August 15th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 5.5%. Enbridge’s payout ratio is presently 134.98%.

About Enbridge

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.