Holistic Planning LLC Raises Stake in Enbridge Inc. (NYSE:ENB)

Holistic Planning LLC increased its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 81.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,598 shares of the pipeline company’s stock after buying an additional 5,665 shares during the quarter. Holistic Planning LLC’s holdings in Enbridge were worth $512,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Norden Group LLC purchased a new position in Enbridge during the first quarter valued at approximately $360,000. BNP Paribas Financial Markets boosted its holdings in Enbridge by 19.4% during the first quarter. BNP Paribas Financial Markets now owns 6,991 shares of the pipeline company’s stock worth $253,000 after buying an additional 1,136 shares in the last quarter. Quantbot Technologies LP grew its position in Enbridge by 220.8% during the first quarter. Quantbot Technologies LP now owns 62,726 shares of the pipeline company’s stock valued at $2,269,000 after buying an additional 43,174 shares during the period. SG Americas Securities LLC increased its holdings in Enbridge by 264.2% in the first quarter. SG Americas Securities LLC now owns 151,432 shares of the pipeline company’s stock valued at $6,010,000 after buying an additional 109,854 shares in the last quarter. Finally, Keudell Morrison Wealth Management raised its position in shares of Enbridge by 1.9% in the first quarter. Keudell Morrison Wealth Management now owns 18,016 shares of the pipeline company’s stock worth $652,000 after acquiring an additional 337 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Down 0.2 %

ENB opened at $42.35 on Friday. The company has a market cap of $92.23 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 4.04 and a beta of 0.93. Enbridge Inc. has a twelve month low of $32.76 and a twelve month high of $42.61. The company has a 50-day moving average price of $40.92 and a 200 day moving average price of $38.20. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 1.41.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. The business had revenue of $10.91 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Sell-side analysts expect that Enbridge Inc. will post 2.06 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s payout ratio is 122.22%.

Analyst Upgrades and Downgrades

ENB has been the subject of several recent analyst reports. Morgan Stanley started coverage on Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating for the company. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday.

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.