5,578 Shares in Enbridge Inc. (NYSE:ENB) Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,578 shares of the pipeline company’s stock, valued at approximately $227,000.

A number of other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of Enbridge by 18.5% during the 4th quarter. Fisher Asset Management LLC now owns 10,021 shares of the pipeline company’s stock worth $361,000 after acquiring an additional 1,561 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Enbridge during the 1st quarter worth $128,000. Park Avenue Securities LLC lifted its position in shares of Enbridge by 61.5% during the 1st quarter. Park Avenue Securities LLC now owns 42,922 shares of the pipeline company’s stock worth $1,553,000 after buying an additional 16,343 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Enbridge by 8.3% in the first quarter. Gulf International Bank UK Ltd now owns 13,749 shares of the pipeline company’s stock valued at $497,000 after buying an additional 1,054 shares in the last quarter. Finally, &PARTNERS bought a new position in Enbridge in the first quarter valued at about $600,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Enbridge Stock Up 0.4 %

Shares of NYSE:ENB opened at $41.99 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77. Enbridge Inc. has a 52-week low of $31.31 and a 52-week high of $42.03. The company has a market capitalization of $89.60 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 3.94 and a beta of 0.93. The company has a fifty day moving average of $40.38 and a 200-day moving average of $37.52.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, August 2nd. The pipeline company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.45 by $0.13. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same period last year, the company earned $0.51 earnings per share. On average, equities analysts predict that Enbridge Inc. will post 2.08 EPS for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were issued a dividend of $0.669 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend was Thursday, August 15th. Enbridge’s payout ratio is 134.01%.

About Enbridge

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.