Tradewinds Capital Management LLC Sells 305 Shares of Enbridge Inc $ENB

Tradewinds Capital Management LLC lessened its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,134 shares of the pipeline company’s stock after selling 305 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Enbridge were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ENB. Dagco Inc. bought a new stake in shares of Enbridge in the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in Enbridge in the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. purchased a new position in Enbridge in the 1st quarter valued at approximately $28,000. Accent Capital Management LLC purchased a new position in Enbridge in the 1st quarter valued at approximately $30,000. Finally, Wolff Wiese Magana LLC grew its stake in 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 buying an additional 365 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. CIBC lowered shares of Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 9th. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a research note on Tuesday, August 5th. Zacks Research lowered shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Argus lifted their price objective 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, Cibc World Mkts lowered shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.50.

Enbridge Stock Down 0.3%

ENB opened at $47.07 on Friday. The company has a fifty day moving average price of $48.47 and a 200-day moving average price of $46.36. The firm has a market capitalization of $102.64 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 4.33 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 one year low of $39.73 and a one year high of $50.54.

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, beating analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $7.14 billion during 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 in the previous year, the business earned $0.58 EPS. Equities research analysts expect that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 15th were given a $0.6839 dividend. This represents a $2.74 annualized dividend and a yield of 5.8%. This is a boost from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, August 15th. Enbridge’s dividend payout ratio (DPR) 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.