Enbridge Inc $ENB Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 38.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,680 shares of the pipeline company’s stock after purchasing an additional 1,588 shares during the period. Coldstream Capital Management Inc.’s holdings in Enbridge were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Dagco Inc. acquired a new position in Enbridge in the 1st quarter valued at $25,000. Whipplewood Advisors LLC boosted its stake in Enbridge by 112.4% during the 2nd quarter. Whipplewood Advisors LLC now owns 582 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 308 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Enbridge during the second quarter worth $29,000. Accent Capital Management LLC acquired a new stake in shares of Enbridge in the first quarter valued at about $30,000. Finally, Addison Advisors LLC acquired a new stake in shares of Enbridge in the second quarter valued at about $35,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Trading Up 1.3%

NYSE ENB opened at $48.65 on Friday. The firm’s fifty day moving average price is $48.11 and its 200 day moving average price is $46.97. Enbridge Inc has a 12 month low of $39.73 and a 12 month high of $50.54. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.65. The company has a market capitalization of $106.12 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 4.31 and a beta of 0.76.

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

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $0.9425 per share. The ex-dividend date is Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a yield of 7.7%. This is a boost from Enbridge’s previous quarterly dividend of $0.68. Enbridge’s dividend payout ratio (DPR) is 147.80%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ENB. Zacks Research lowered shares of Enbridge from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enbridge in a research note on Monday, November 24th. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a report on Monday, November 10th. Scotiabank restated a “sector perform” rating on shares of Enbridge in a research report on Monday, November 10th. Finally, CIBC cut Enbridge from an “outperform” rating to a “neutral” rating in a report on Thursday, October 9th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.