Enbridge Inc (ENB) Shares Bought by SVA Plumb Wealth Management LLC
SVA Plumb Wealth Management LLC increased its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,271 shares of the pipeline company’s stock after purchasing an additional 1,807 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in Enbridge were worth $2,161,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ENB. CGOV Asset Management lifted its stake in Enbridge by 49.1% during the first quarter. CGOV Asset Management now owns 1,093,641 shares of the pipeline company’s stock worth $60,927,000 after purchasing an additional 360,225 shares during the last quarter. United States Steel & Carnegie Pension Fund lifted its stake in Enbridge by 27.0% during the first quarter. United States Steel & Carnegie Pension Fund now owns 1,647,915 shares of the pipeline company’s stock worth $68,949,000 after purchasing an additional 350,450 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Enbridge during the first quarter worth $211,000. Blue Fin Capital Inc. lifted its stake in Enbridge by 4.2% during the first quarter. Blue Fin Capital Inc. now owns 40,463 shares of the pipeline company’s stock worth $1,693,000 after purchasing an additional 1,618 shares during the last quarter. Finally, OLD National Bancorp IN bought a new position in Enbridge during the first quarter worth $844,000. Hedge funds and other institutional investors own 61.61% of the company’s stock.
Several equities analysts recently issued reports on ENB shares. Morgan Stanley restated an “equal weight” rating and set a $44.00 price objective (down from $45.00) on shares of Enbridge in a research note on Friday, July 14th. J P Morgan Chase & Co restated a “neutral” rating on shares of Enbridge in a research note on Friday, June 23rd. Zacks Investment Research cut Enbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, BidaskClub upgraded Enbridge from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Enbridge currently has a consensus rating of “Hold” and a consensus target price of $54.67.
Shares of Enbridge Inc (NYSE ENB) traded down 0.20% on Tuesday, hitting $40.78. The stock had a trading volume of 480,912 shares. The company has a market cap of $67.12 billion, a price-to-earnings ratio of 33.40 and a beta of 0.63. The firm has a 50 day moving average price of $40.52 and a 200-day moving average price of $40.53. Enbridge Inc has a 52 week low of $37.37 and a 52 week high of $45.09.
Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). Enbridge had a net margin of 5.28% and a return on equity of 6.04%. The business had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.81 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. Analysts anticipate that Enbridge Inc will post $1.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.489 per share. The ex-dividend date was Friday, August 11th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.79%. This is an increase from Enbridge’s previous quarterly dividend of $0.33. Enbridge’s payout ratio is presently 190.29%.
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
Receive News & Ratings for Enbridge Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Inc and related companies with MarketBeat.com's FREE daily email newsletter.