Wintrust Investments LLC grew its holdings in Enbridge Inc. (NYSE:ENB – Free Report) (TSE:ENB) by 4.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,942 shares of the pipeline company’s stock after buying an additional 512 shares during the quarter. Wintrust Investments LLC’s holdings in Enbridge were worth $444,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of ENB. American Century Companies Inc. raised its holdings in shares of Enbridge by 6.9% in the 1st quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company’s stock valued at $2,262,000 after purchasing an additional 3,178 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Enbridge by 47.5% in the 1st quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company’s stock valued at $73,081,000 after purchasing an additional 510,865 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Enbridge by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company’s stock valued at $75,955,000 after purchasing an additional 112,553 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Enbridge by 3.4% in the 1st quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company’s stock valued at $6,897,000 after purchasing an additional 4,883 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Enbridge by 0.3% in the 1st quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company’s stock worth $14,600,000 after buying an additional 968 shares during the last quarter. Institutional investors own 48.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ENB. Barclays cut their price objective on shares of Enbridge from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. National Bank Financial began coverage on shares of Enbridge in a research report on Monday, September 11th. They issued a “sector perform” rating on the stock. CIBC lifted their price objective on shares of Enbridge from $63.00 to $64.00 and gave the stock an “outperformer” rating in a research report on Monday, September 11th. Credit Suisse Group dropped their target price on shares of Enbridge from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 13th. Finally, Scotiabank began coverage on shares of Enbridge in a research note on Monday, September 11th. They set a “sector perform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enbridge currently has an average rating of “Hold” and a consensus price target of $55.33.
Enbridge Stock Up 2.4 %
NYSE:ENB opened at $33.68 on Friday. The firm has a market capitalization of $71.59 billion, a P/E ratio of 30.34, a PEG ratio of 2.75 and a beta of 0.86. Enbridge Inc. has a 1-year low of $31.03 and a 1-year high of $42.12. The company’s fifty day moving average price is $33.13 and its 200-day moving average price is $35.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.67 and a quick ratio of 0.57.
Enbridge Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.64 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 7.60%. Enbridge’s payout ratio is currently 230.63%.
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.
- Five stocks we like better than Enbridge
- How to Invest in Communication Stocks
- MarketBeat Week in Review – 11/13 – 11/17
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 3 large caps with red hot RSIs with upside
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Johnson Controls International: Nothing but upside for investors
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.