Enbridge Inc $ENB Shares Sold by America First Investment Advisors LLC

America First Investment Advisors LLC trimmed its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 516,668 shares of the pipeline company’s stock after selling 1,266 shares during the quarter. Enbridge makes up about 4.7% of America First Investment Advisors LLC’s portfolio, making the stock its 14th biggest holding. America First Investment Advisors LLC’s holdings in Enbridge were worth $23,415,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MainStreet Investment Advisors LLC increased its holdings in Enbridge by 6.9% in the second quarter. MainStreet Investment Advisors LLC now owns 86,762 shares of the pipeline company’s stock valued at $3,932,000 after buying an additional 5,627 shares in the last quarter. Inspire Advisors LLC grew its position in shares of Enbridge by 72.3% during the 2nd quarter. Inspire Advisors LLC now owns 19,202 shares of the pipeline company’s stock valued at $870,000 after acquiring an additional 8,057 shares during the period. Vanguard Group Inc. grew its position in shares of Enbridge by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 96,404,986 shares of the pipeline company’s stock valued at $4,371,580,000 after acquiring an additional 3,217,961 shares during the period. Frank Rimerman Advisors LLC purchased a new position in shares of Enbridge in the 2nd quarter valued at about $604,000. Finally, Intrust Bank NA raised its holdings in Enbridge by 6.7% in the 2nd quarter. Intrust Bank NA now owns 15,669 shares of the pipeline company’s stock worth $710,000 after purchasing an additional 978 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ENB has been the topic of several research analyst reports. Jefferies Financial Group raised Enbridge from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Cibc World Mkts lowered Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Royal Bank Of Canada lifted their price target on shares of Enbridge from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Argus boosted their price target on shares of Enbridge from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enbridge in a report on Monday. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Enbridge has an average rating of “Hold” and a consensus target price of $63.00.

Enbridge Stock Up 1.1%

Shares of NYSE:ENB opened at $48.29 on Wednesday. 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 business has a fifty day moving average of $48.26 and a two-hundred day moving average of $46.85. The stock has a market cap of $105.33 billion, a P/E ratio of 23.79, a PEG ratio of 4.31 and a beta of 0.76. Enbridge Inc has a 52-week low of $39.73 and a 52-week high of $50.54.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, November 7th. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.During the same quarter in the prior year, the firm earned $0.55 EPS. On average, research analysts expect that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.9425 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.77 annualized dividend and a dividend yield of 7.8%. Enbridge’s dividend payout ratio is currently 147.80%.

About Enbridge

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.