Comprehensive Money Management Services LLC Acquires 433 Shares of Enbridge Inc $ENB

Comprehensive Money Management Services LLC lifted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,975 shares of the pipeline company’s stock after purchasing an additional 433 shares during the period. Comprehensive Money Management Services LLC’s holdings in Enbridge were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ENB. Brighton Jones LLC bought a new position in shares of Enbridge in the 4th quarter worth approximately $261,000. GAMMA Investing LLC lifted its stake in shares of Enbridge by 4,331.0% in the 1st quarter. GAMMA Investing LLC now owns 31,593 shares of the pipeline company’s stock worth $1,400,000 after purchasing an additional 30,880 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Enbridge by 64.6% in the 1st quarter. Farther Finance Advisors LLC now owns 20,355 shares of the pipeline company’s stock worth $907,000 after purchasing an additional 7,992 shares during the period. Assenagon Asset Management S.A. raised its stake in Enbridge by 0.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 75,420 shares of the pipeline company’s stock worth $3,337,000 after acquiring an additional 320 shares during the period. Finally, CX Institutional bought a new stake in Enbridge during the 1st quarter worth approximately $85,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.7%

Enbridge stock opened at $47.67 on Friday. The stock has a market cap of $103.96 billion, a P/E ratio of 23.48, a PEG ratio of 4.39 and a beta of 0.78. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.65. Enbridge Inc has a 1 year low of $39.73 and a 1 year high of $50.54. The firm’s 50 day moving average price is $48.41 and its 200-day moving average price is $46.25.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data 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 firm had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $10.56 billion. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. During the same quarter last year, the business posted $0.58 earnings per share. On average, equities analysts predict that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 15th were issued a $0.6839 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 5.7%. This is a boost from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, August 15th. Enbridge’s payout ratio is 134.98%.

Analyst Ratings Changes

A number of equities research analysts have commented on ENB shares. Jefferies Financial Group upgraded shares of Enbridge from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. National Bankshares restated a “sector perform” rating on shares of Enbridge in a research note on Tuesday, August 5th. CIBC cut shares of Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday. Cibc World Mkts cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Research cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.50.

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.