Vanguard Personalized Indexing Management LLC Buys 1,483 Shares of Enbridge Inc $ENB

Vanguard Personalized Indexing Management LLC raised its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,383 shares of the pipeline company’s stock after purchasing an additional 1,483 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Enbridge were worth $989,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Enbridge by 6.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 438,557 shares of the pipeline company’s stock valued at $19,431,000 after purchasing an additional 25,071 shares during the period. 111 Capital bought a new position in shares of Enbridge during the 2nd quarter worth about $1,887,000. Loudon Investment Management LLC lifted its holdings in shares of Enbridge by 40.6% during the 2nd quarter. Loudon Investment Management LLC now owns 29,801 shares of the pipeline company’s stock worth $1,351,000 after acquiring an additional 8,600 shares during the period. Hartline Investment Corp lifted its holdings in shares of Enbridge by 31.3% during the 1st quarter. Hartline Investment Corp now owns 36,098 shares of the pipeline company’s stock worth $1,600,000 after acquiring an additional 8,610 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of Enbridge by 0.8% during the 1st quarter. Raymond James Financial Inc. now owns 4,299,977 shares of the pipeline company’s stock worth $190,532,000 after acquiring an additional 35,515 shares during the period. 54.60% of the stock is owned by institutional investors.

Enbridge Trading Down 0.3%

Shares of Enbridge stock opened at $47.07 on Monday. The stock has a market capitalization of $102.64 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 4.32 and a beta of 0.78. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 1.58. The company has a 50-day simple moving average of $48.47 and a 200 day simple moving average of $46.37. Enbridge Inc has a 12-month low of $39.73 and a 12-month high of $50.54.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $7.14 billion during 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 company posted $0.58 EPS. 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 disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders 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%. The ex-dividend date was Friday, August 15th. This is a boost from Enbridge’s previous quarterly dividend of $0.68. Enbridge’s dividend payout ratio is 134.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ENB shares. National Bankshares reaffirmed a “sector perform” rating on shares of Enbridge in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a report on Wednesday, October 8th. Jefferies Financial Group raised shares of Enbridge from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Zacks Research downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Finally, Cibc World Mkts downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.50.

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.