Enbridge Inc $ENB Stock Holdings Lifted by Private Advisory Group LLC

Private Advisory Group LLC grew its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 48.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,597 shares of the pipeline company’s stock after acquiring an additional 55,914 shares during the quarter. Private Advisory Group LLC’s holdings in Enbridge were worth $7,931,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nikulski Financial Inc. raised its position in Enbridge by 2.3% in the 3rd quarter. Nikulski Financial Inc. now owns 37,343 shares of the pipeline company’s stock worth $1,736,000 after purchasing an additional 833 shares during the period. Advisor Resource Council lifted its stake in Enbridge by 4.3% in the third quarter. Advisor Resource Council now owns 6,381 shares of the pipeline company’s stock worth $294,000 after purchasing an additional 263 shares during the last quarter. M&G PLC lifted its stake in Enbridge by 14.3% in the third quarter. M&G PLC now owns 2,215,296 shares of the pipeline company’s stock worth $102,989,000 after purchasing an additional 277,826 shares during the last quarter. AlphaCore Capital LLC boosted its position in Enbridge by 6.2% during the third quarter. AlphaCore Capital LLC now owns 42,660 shares of the pipeline company’s stock valued at $1,984,000 after buying an additional 2,505 shares during the period. Finally, Fulcrum Asset Management LLP boosted its position in Enbridge by 3.0% during the third quarter. Fulcrum Asset Management LLP now owns 25,927 shares of the pipeline company’s stock valued at $1,209,000 after buying an additional 753 shares during the period. 54.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ENB has been the topic of a number of recent research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Enbridge in a research note on Tuesday, September 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Enbridge in a report on Monday, September 14th. National Bank Financial raised Enbridge from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. Weiss Ratings cut Enbridge from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 2nd. Finally, US Capital Advisors upgraded Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.88.

Enbridge Stock Up 0.4%

Shares of Enbridge stock opened at $48.09 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.66 and a current ratio of 0.81. Enbridge Inc has a 52-week low of $45.03 and a 52-week high of $58.45. The company’s 50 day moving average price is $47.88 and its 200-day moving average price is $52.18. The stock has a market capitalization of $107.18 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 5.71 and a beta of 0.59.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, November 6th. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $21.08 billion during the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a net margin of 7.37% and a return on equity of 11.56%. Equities research analysts forecast that Enbridge Inc will post 2.10 EPS for the current year.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a C$0.97 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.1%. Enbridge’s payout ratio is presently 134.80%.

About Enbridge

Enbridge Inc. is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses. Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.