Sanibel Captiva Belief Firm Inc. lessened its stake in Enbridge Inc. (NYSE:ENB – Free Report) (TSE:ENB) by 2.6% within the third quarter, HoldingsChannel reviews. The fund owned 669,184 shares of the pipeline firm’s inventory after promoting 17,838 shares through the interval. Sanibel Captiva Belief Firm Inc.’s holdings in Enbridge had been value $27,176,000 on the finish of the newest quarter.
A number of different institutional traders additionally lately purchased and offered shares of the inventory. TruNorth Capital Administration LLC purchased a brand new stake in Enbridge within the 2nd quarter value $28,000. William B. Walkup & Associates Inc. purchased a brand new stake in shares of Enbridge within the second quarter value about $28,000. Ameritas Funding Companions Inc. bought a brand new place in Enbridge through the 1st quarter valued at about $29,000. Richardson Monetary Providers Inc. purchased a brand new place in Enbridge through the 1st quarter valued at roughly $31,000. Lastly, PFS Companions LLC lifted its holdings in Enbridge by 95.8% within the 1st quarter. PFS Companions LLC now owns 922 shares of the pipeline firm’s inventory value $33,000 after shopping for an extra 451 shares through the interval. 54.60% of the inventory is at present owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
Individually, Jefferies Monetary Group reduce Enbridge from a “purchase” score to a “maintain” score in a analysis be aware on Monday, September thirtieth. Two analysts have rated the inventory with a promote score, three have issued a maintain score and one has given a purchase score to the corporate’s inventory. In response to MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a mean goal worth of $51.50.
Verify Out Our Newest Inventory Report on Enbridge
Enbridge Worth Efficiency
ENB inventory opened at $40.91 on Thursday. The agency has a 50-day transferring common of $39.85 and a 200 day transferring common of $37.24. The corporate has a debt-to-equity ratio of 1.34, a present ratio of 0.77 and a fast ratio of 0.68. The corporate has a market cap of $87.30 billion, a P/E ratio of 20.77, a PEG ratio of three.93 and a beta of 0.93. Enbridge Inc. has a 1 yr low of $31.31 and a 1 yr excessive of $41.35.
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) final introduced its earnings outcomes on Friday, August 2nd. The pipeline firm reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.13. Enbridge had a return on fairness of 10.07% and a web margin of 13.31%. The agency had income of $8.29 billion through the quarter, in comparison with analyst estimates of $4.28 billion. Throughout the identical quarter within the prior yr, the corporate earned $0.51 EPS. On common, sell-side analysts forecast that Enbridge Inc. will put up 2.08 EPS for the present yr.
Enbridge Cuts Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of document on Thursday, August fifteenth had been issued a dividend of $0.669 per share. This represents a $2.68 dividend on an annualized foundation and a dividend yield of 6.54%. The ex-dividend date of this dividend was Thursday, August fifteenth. Enbridge’s dividend payout ratio (DPR) is presently 134.01%.
Enbridge Firm Profile
Enbridge Inc, along with its subsidiaries, operates as an power infrastructure firm. The corporate operates via 5 segments: Liquids Pipelines, Fuel Transmission and Midstream, Fuel Distribution and Storage, Renewable Energy Era, and Vitality Providers. The Liquids Pipelines section operates pipelines and associated terminals to move varied grades of crude oil and different liquid hydrocarbons in Canada and the USA.
Learn Extra
Wish to see what different hedge funds are holding ENB? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Enbridge Inc. (NYSE:ENB – Free Report) (TSE:ENB).
Obtain Information & Rankings for Enbridge Day by day – Enter your e-mail deal with under to obtain a concise every day abstract of the newest information and analysts’ scores for Enbridge and associated firms with MarketBeat.com’s FREE every day e-mail publication.