Aviso Financial Inc. Purchases 2,733 Shares of Enbridge Inc $ENB

Aviso Financial Inc. grew its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,459,298 shares of the pipeline company’s stock after purchasing an additional 2,733 shares during the quarter. Enbridge makes up approximately 3.0% of Aviso Financial Inc.’s holdings, making the stock its 11th biggest holding. Aviso Financial Inc. owned about 0.07% of Enbridge worth $66,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Enbridge during the fourth quarter worth $261,000. HB Wealth Management LLC boosted its position in Enbridge by 55.4% during the first quarter. HB Wealth Management LLC now owns 21,654 shares of the pipeline company’s stock worth $959,000 after purchasing an additional 7,721 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Enbridge by 4.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 935,190 shares of the pipeline company’s stock valued at $41,384,000 after purchasing an additional 35,934 shares during the last quarter. Inspire Advisors LLC acquired a new position in shares of Enbridge in the first quarter valued at about $494,000. Finally, LPL Financial LLC grew its position in Enbridge by 0.4% during the first quarter. LPL Financial LLC now owns 3,082,393 shares of the pipeline company’s stock worth $136,581,000 after buying an additional 12,057 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

Shares of ENB opened at $47.38 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 1.58. The stock has a 50-day moving average price of $48.20 and a 200-day moving average price of $46.90. Enbridge Inc has a 12-month low of $39.73 and a 12-month high of $50.54. The company has a market cap of $103.35 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 4.31 and a beta of 0.76.

Enbridge (NYSE:ENB) (TSE:ENB) last released its 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). Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the business posted $0.55 EPS. As a group, equities analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.9425 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 8.0%. Enbridge’s dividend payout ratio (DPR) is presently 147.80%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Enbridge from $67.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Scotiabank reaffirmed a “sector perform” rating on shares of Enbridge in a research report on Monday, November 10th. Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Argus raised their price objective on shares of Enbridge from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Finally, CIBC cut Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 9th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Enbridge presently has a consensus 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.