Wintrust Investments LLC Has $444,000 Stock Holdings in Enbridge Inc. (NYSE:ENB)

Wintrust Investments LLC raised its stake in shares of Enbridge Inc. (NYSE:ENBFree Report) (TSE:ENB) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,942 shares of the pipeline company’s stock after purchasing an additional 512 shares during the period. Wintrust Investments LLC’s holdings in Enbridge were worth $444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENB. White Pine Capital LLC boosted its holdings in Enbridge by 4.7% in the first quarter. White Pine Capital LLC now owns 5,704 shares of the pipeline company’s stock valued at $218,000 after acquiring an additional 255 shares during the last quarter. Eudaimonia Partners LLC boosted its holdings in Enbridge by 2.4% in the second quarter. Eudaimonia Partners LLC now owns 11,900 shares of the pipeline company’s stock valued at $442,000 after acquiring an additional 278 shares during the last quarter. SVB Wealth LLC boosted its holdings in Enbridge by 3.1% in the first quarter. SVB Wealth LLC now owns 9,781 shares of the pipeline company’s stock valued at $373,000 after acquiring an additional 297 shares during the last quarter. Loudon Investment Management LLC boosted its holdings in Enbridge by 2.9% in the first quarter. Loudon Investment Management LLC now owns 10,746 shares of the pipeline company’s stock valued at $410,000 after acquiring an additional 300 shares during the last quarter. Finally, InTrack Investment Management Inc boosted its holdings in Enbridge by 4.7% in the second quarter. InTrack Investment Management Inc now owns 6,734 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 48.29% of the company’s stock.

Enbridge Price Performance

Shares of NYSE:ENB opened at $33.68 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 1.12. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $42.12. The stock’s 50 day moving average is $33.13 and its 200-day moving average is $35.40. The firm has a market capitalization of $71.59 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.75 and a beta of 0.86.

Enbridge Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date is Tuesday, November 14th. Enbridge’s payout ratio is 230.63%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ENB shares. TD Securities reduced their target price on Enbridge from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. BMO Capital Markets initiated coverage on Enbridge in a report on Friday, September 8th. They issued a “market perform” rating on the stock. National Bank Financial initiated coverage on Enbridge in a report on Monday, September 11th. They set a “sector perform” rating on the stock. StockNews.com initiated coverage on Enbridge in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Scotiabank initiated coverage on Enbridge in a report on Monday, September 11th. They set a “sector perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.33.

Check Out Our Latest Stock Report on ENB

Enbridge Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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