Enbridge Inc. (NYSE:ENB) Position Boosted by Albert D Mason Inc.

Albert D Mason Inc. raised its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,637 shares of the pipeline company’s stock after acquiring an additional 811 shares during the quarter. Albert D Mason Inc.’s holdings in Enbridge were worth $919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. grew its stake in Enbridge by 6.1% during the 1st quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company’s stock valued at $9,922,000 after acquiring an additional 15,650 shares in the last quarter. Stonegate Investment Group LLC grew its stake in shares of Enbridge by 66.5% in the 3rd quarter. Stonegate Investment Group LLC now owns 33,833 shares of the pipeline company’s stock valued at $1,374,000 after buying an additional 13,515 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Enbridge in the 1st quarter valued at approximately $1,133,000. Vanguard Group Inc. grew its stake in shares of Enbridge by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company’s stock valued at $3,049,268,000 after buying an additional 1,227,031 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Enbridge in the 1st quarter valued at approximately $4,069,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th.

Enbridge Stock Performance

Shares of NYSE ENB opened at $41.46 on Wednesday. The business has a fifty day simple moving average of $40.47 and a 200 day simple moving average of $37.63. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $88.46 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 3.94 and a beta of 0.93. Enbridge Inc. has a one year low of $31.31 and a one year high of $42.16.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, August 2nd. The pipeline company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.45 by $0.13. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same quarter in the prior year, the business earned $0.51 earnings per share. Sell-side analysts expect that Enbridge Inc. will post 2.08 EPS for the current year.

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were given a dividend of $0.669 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend was Thursday, August 15th. Enbridge’s dividend payout ratio is currently 134.01%.

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.