Stableford Capital II LLC Has $1.70 Million Holdings in Enbridge Inc $ENB

Stableford Capital II LLC lowered its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 37,835 shares of the pipeline company’s stock after selling 601 shares during the period. Stableford Capital II LLC’s holdings in Enbridge were worth $1,701,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Dagco Inc. bought a new position in Enbridge during the first quarter worth $25,000. Garde Capital Inc. acquired a new stake in Enbridge during the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Enbridge in the 1st quarter worth about $28,000. Accent Capital Management LLC bought a new position in shares of Enbridge in the 1st quarter worth about $30,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of Enbridge by 91.3% in the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 365 shares during the period. 54.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. CIBC cut Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 9th. Wall Street Zen downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Sunday, September 21st. Jefferies Financial Group upgraded shares of Enbridge from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Argus raised their price target on shares of Enbridge from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Finally, Zacks Research downgraded 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 seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and a consensus target price of $60.50.

Enbridge Stock Performance

NYSE ENB opened at $47.62 on Thursday. The company has a market cap of $103.84 billion, a P/E ratio of 23.46, a PEG ratio of 4.36 and a beta of 0.78. The company has a fifty day simple moving average of $48.46 and a 200 day simple moving average of $46.32. 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 12-month low of $39.73 and a 12-month high of $50.54.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data 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 firm had revenue of $7.14 billion for the quarter, compared to analyst estimates of $10.56 billion. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. During the same period last year, the firm earned $0.58 earnings per share. Sell-side analysts predict 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 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 was Friday, August 15th. This represents a $2.74 dividend on an annualized basis and a yield of 5.7%. Enbridge’s dividend payout ratio (DPR) is presently 134.98%.

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.