Enbridge Inc. (NYSE:ENB) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC increased its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 816.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,714 shares of the pipeline company’s stock after buying an additional 19,344 shares during the quarter. Lindbrook Capital LLC’s holdings in Enbridge were worth $882,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Wealth Quarterback LLC lifted its holdings in Enbridge by 9.9% in the 3rd quarter. Wealth Quarterback LLC now owns 7,156 shares of the pipeline company’s stock valued at $291,000 after acquiring an additional 647 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Enbridge by 30.5% in the 3rd quarter. Assetmark Inc. now owns 54,542 shares of the pipeline company’s stock worth $2,215,000 after purchasing an additional 12,743 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Enbridge by 0.8% during the third quarter. Verdence Capital Advisors LLC now owns 43,660 shares of the pipeline company’s stock valued at $1,773,000 after purchasing an additional 362 shares during the last quarter. Holistic Planning LLC grew its position in Enbridge by 81.7% in the third quarter. Holistic Planning LLC now owns 12,598 shares of the pipeline company’s stock worth $512,000 after buying an additional 5,665 shares during the last quarter. Finally, SpiderRock Advisors LLC increased its holdings in shares of Enbridge by 28.8% in the third quarter. SpiderRock Advisors LLC now owns 11,615 shares of the pipeline company’s stock valued at $472,000 after buying an additional 2,594 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.2 %

Enbridge stock opened at $42.33 on Friday. Enbridge Inc. has a 52 week low of $32.76 and a 52 week high of $42.61. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.68 and a current ratio of 0.62. The firm has a market capitalization of $92.18 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 4.04 and a beta of 0.93. The company has a 50 day moving average price of $40.92 and a 200 day moving average price of $38.20.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $0.46 earnings per share. Research analysts forecast that Enbridge Inc. will post 2.06 EPS for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a $0.676 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.39%. Enbridge’s dividend payout ratio is currently 122.22%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ENB shares. Wells Fargo & Company raised Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. Morgan Stanley assumed coverage on Enbridge in a research report on Friday, October 25th. They issued an “equal weight” rating for the company. Finally, Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th.

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.