Enbridge Inc. (NYSE:ENB) Stock Holdings Decreased by CENTRAL TRUST Co

CENTRAL TRUST Co decreased its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,097 shares of the pipeline company’s stock after selling 3,049 shares during the period. CENTRAL TRUST Co’s holdings in Enbridge were worth $1,872,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ENB. Vanguard Group Inc. grew its position in shares of Enbridge by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company’s stock worth $3,049,268,000 after acquiring an additional 1,227,031 shares in the last quarter. TD Asset Management Inc boosted its holdings in Enbridge by 0.9% in the first quarter. TD Asset Management Inc now owns 38,087,489 shares of the pipeline company’s stock worth $1,377,708,000 after purchasing an additional 337,729 shares during the period. 1832 Asset Management L.P. increased its stake in Enbridge by 3.9% during the first quarter. 1832 Asset Management L.P. now owns 36,649,579 shares of the pipeline company’s stock valued at $1,325,982,000 after purchasing an additional 1,360,439 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Enbridge by 12.8% during the second quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company’s stock worth $1,157,802,000 after purchasing an additional 3,693,495 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Enbridge by 3.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,083,951 shares of the pipeline company’s stock worth $821,331,000 after buying an additional 827,540 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of NYSE ENB opened at $41.15 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.68. The firm has a market capitalization of $87.81 billion, a PE ratio of 20.89, a P/E/G ratio of 3.94 and a beta of 0.93. Enbridge Inc. has a 1-year low of $31.31 and a 1-year high of $42.16. The business’s fifty day moving average price is $40.50 and its two-hundred day moving average price is $37.66.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.13. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. During the same quarter last year, the company earned $0.51 EPS. On average, research analysts expect that Enbridge Inc. will post 2.08 EPS for the current year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were given a dividend of $0.669 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.68 annualized dividend and a dividend yield of 6.50%. Enbridge’s dividend payout ratio is presently 134.01%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th.

Enbridge 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.