Enbridge Inc. (NYSE:ENB) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.0% during the 3rd quarter, Holdings Channel reports. The firm owned 3,010,964 shares of the pipeline company’s stock after buying an additional 1,036 shares during the quarter. Stifel Financial Corp’s holdings in Enbridge were worth $122,275,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. increased its stake in shares of Enbridge by 28.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 246 shares during the last quarter. Associated Banc Corp grew its position in Enbridge by 3.6% in the 3rd quarter. Associated Banc Corp now owns 7,091 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 248 shares in the last quarter. Centaurus Financial Inc. increased its stake in Enbridge by 1.7% during the 3rd quarter. Centaurus Financial Inc. now owns 14,980 shares of the pipeline company’s stock worth $608,000 after buying an additional 256 shares during the period. First PREMIER Bank boosted its holdings in Enbridge by 1.7% in the third quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company’s stock valued at $631,000 after purchasing an additional 257 shares during the period. Finally, Keudell Morrison Wealth Management boosted its stake in shares of Enbridge by 1.4% in the 3rd quarter. Keudell Morrison Wealth Management now owns 20,242 shares of the pipeline company’s stock valued at $822,000 after buying an additional 277 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Up 0.6 %

Shares of NYSE:ENB opened at $43.91 on Friday. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $44.13. The stock’s 50-day moving average price is $41.84 and its two-hundred day moving average price is $39.05. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The firm has a market cap of $95.64 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 4.27 and a beta of 0.94.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.15. The company had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same period last year, the business posted $0.46 EPS. On average, research analysts forecast that Enbridge Inc. will post 2.04 EPS for the current year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 6.10%. Enbridge’s dividend payout ratio (DPR) is presently 121.76%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ENB shares. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research note on Wednesday. Jefferies Financial Group cut shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Morgan Stanley started coverage on Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $63.00.

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.