Avestar Capital LLC Has $300,000 Stock Holdings in Enbridge Inc. (NYSE:ENB)

Avestar Capital LLC lessened its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 21.8% during the 3rd quarter, Holdings Channel reports. The firm owned 7,381 shares of the pipeline company’s stock after selling 2,054 shares during the quarter. Avestar Capital LLC’s holdings in Enbridge were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ENB. Janus Henderson Group PLC boosted its stake in shares of Enbridge by 2.1% in the 1st quarter. Janus Henderson Group PLC now owns 215,629 shares of the pipeline company’s stock valued at $7,800,000 after purchasing an additional 4,400 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Enbridge by 8.0% in the 1st quarter. Tidal Investments LLC now owns 40,565 shares of the pipeline company’s stock valued at $1,468,000 after purchasing an additional 3,008 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of Enbridge by 17.4% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 7,081 shares of the pipeline company’s stock valued at $256,000 after purchasing an additional 1,052 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Enbridge in the 1st quarter valued at $114,000. Finally, Atria Investments Inc boosted its stake in shares of Enbridge by 2.4% in the 1st quarter. Atria Investments Inc now owns 108,960 shares of the pipeline company’s stock valued at $3,942,000 after purchasing an additional 2,510 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ENB shares. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Morgan Stanley started coverage on shares of Enbridge in a report on Friday, October 25th. They set an “equal weight” rating on the stock. Finally, Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th.

Enbridge Stock Performance

Enbridge stock opened at $42.90 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. Enbridge Inc. has a 1 year low of $32.85 and a 1 year high of $43.70. The company has a market cap of $93.44 billion, a PE ratio of 19.86, a PEG ratio of 4.18 and a beta of 0.93. The company’s 50-day moving average is $41.52 and its two-hundred day moving average is $38.79.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. The company had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same period in the prior year, the company posted $0.46 EPS. Equities analysts anticipate that Enbridge Inc. will post 2.06 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.30%. This is an increase from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. Enbridge’s dividend payout ratio (DPR) is currently 121.76%.

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.