Cambridge Investment Research Advisors Inc. Has $11.71 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

Cambridge Investment Research Advisors Inc. raised its stake in Enbridge Inc. (NYSE:ENBGet Rating) (TSE:ENB) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 277,384 shares of the pipeline company’s stock after buying an additional 6,645 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Enbridge were worth $11,710,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Enbridge by 3.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,574 shares of the pipeline company’s stock worth $303,000 after purchasing an additional 236 shares during the last quarter. Belpointe Asset Management LLC increased its stake in shares of Enbridge by 1.8% during the 1st quarter. Belpointe Asset Management LLC now owns 13,703 shares of the pipeline company’s stock worth $632,000 after purchasing an additional 237 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Enbridge by 0.4% during the 1st quarter. Wedbush Securities Inc. now owns 55,429 shares of the pipeline company’s stock worth $2,555,000 after purchasing an additional 238 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in shares of Enbridge by 2.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 12,562 shares of the pipeline company’s stock worth $579,000 after purchasing an additional 245 shares during the last quarter. Finally, First City Capital Management Inc. increased its stake in shares of Enbridge by 5.3% during the 1st quarter. First City Capital Management Inc. now owns 4,984 shares of the pipeline company’s stock worth $230,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 49.26% of the company’s stock.

Analysts Set New Price Targets

ENB has been the topic of a number of research analyst reports. Industrial Alliance Securities upgraded shares of Enbridge from a “hold” rating to a “buy” rating and set a C$60.00 target price on the stock in a research note on Wednesday, August 3rd. Raymond James upgraded shares of Enbridge from a “market perform” rating to an “outperform” rating in a research note on Monday, September 12th. US Capital Advisors lowered shares of Enbridge from an “overweight” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, National Bank Financial raised their target price on shares of Enbridge from C$60.00 to C$61.00 in a research note on Tuesday, August 2nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.75.

Enbridge Price Performance

NYSE:ENB opened at $40.07 on Friday. The company has a 50-day moving average of $42.76 and a 200-day moving average of $43.84. The company has a market capitalization of $81.13 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.95 and a beta of 0.79. Enbridge Inc. has a 52 week low of $36.21 and a 52 week high of $47.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.49 and a current ratio of 0.58.

Enbridge (NYSE:ENBGet Rating) (TSE:ENB) last released its quarterly earnings data on Friday, July 29th. The pipeline company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Enbridge had a net margin of 9.98% and a return on equity of 10.46%. During the same quarter in the prior year, the business posted $0.55 earnings per share. As a group, equities research analysts anticipate that Enbridge Inc. will post 2.3 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were issued a dividend of $0.668 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend was Friday, August 12th. Enbridge’s payout ratio is 140.00%.

Enbridge Profile

(Get Rating)

Enbridge Inc 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.

Featured Stories

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.