Enbridge Inc. (NYSE:ENB) Shares Purchased by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC raised its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,605 shares of the pipeline company’s stock after purchasing an additional 900 shares during the quarter. Enbridge comprises approximately 0.9% of White Knight Strategic Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding. White Knight Strategic Wealth Advisors LLC’s holdings in Enbridge were worth $1,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Richardson Financial Services Inc. lifted its holdings in shares of Enbridge by 28.4% during the third quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 246 shares during the period. Associated Banc Corp lifted its stake in shares of Enbridge by 3.6% in the 3rd quarter. Associated Banc Corp now owns 7,091 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 248 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of Enbridge by 1.7% in the third quarter. Centaurus Financial Inc. now owns 14,980 shares of the pipeline company’s stock valued at $608,000 after acquiring an additional 256 shares in the last quarter. First PREMIER Bank increased its stake in shares of Enbridge by 1.7% during the third quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company’s stock worth $631,000 after acquiring an additional 257 shares during the period. Finally, Keudell Morrison Wealth Management raised its holdings in Enbridge by 1.4% during the third quarter. Keudell Morrison Wealth Management now owns 20,242 shares of the pipeline company’s stock worth $822,000 after purchasing an additional 277 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Enbridge Trading Up 1.1 %

Shares of ENB opened at $43.39 on Friday. The firm’s 50-day moving average is $41.62 and its two-hundred day moving average is $38.86. Enbridge Inc. has a twelve month low of $32.85 and a twelve month high of $43.70. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $94.51 billion, a P/E ratio of 20.09, a PEG ratio of 4.22 and a beta of 0.93.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.15. The business had revenue of $10.91 billion for 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 posted $0.46 EPS. On average, research analysts predict that Enbridge Inc. will post 2.04 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders 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 dividend yield of 6.23%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s payout ratio is 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.