Enbridge Inc $ENB Holdings Raised by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 13.8% during the 2nd quarter, Holdings Channel reports. The fund owned 1,741,794 shares of the pipeline company’s stock after purchasing an additional 211,416 shares during the quarter. Enbridge makes up about 2.9% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 3rd largest position. Hillsdale Investment Management Inc.’s holdings in Enbridge were worth $79,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ENB. IFP Advisors Inc grew its stake in shares of Enbridge by 1.2% during the 2nd quarter. IFP Advisors Inc now owns 18,217 shares of the pipeline company’s stock worth $826,000 after purchasing an additional 221 shares during the period. New England Capital Financial Advisors LLC lifted its stake in shares of Enbridge by 21.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 1,285 shares of the pipeline company’s stock valued at $58,000 after purchasing an additional 223 shares during the period. Key Client Fiduciary Advisors LLC boosted its holdings in Enbridge by 1.7% during the second quarter. Key Client Fiduciary Advisors LLC now owns 14,606 shares of the pipeline company’s stock worth $662,000 after buying an additional 242 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its position in Enbridge by 4.8% during the first quarter. Sound View Wealth Advisors Group LLC now owns 5,304 shares of the pipeline company’s stock valued at $235,000 after buying an additional 243 shares during the period. Finally, CENTRAL TRUST Co grew its position in Enbridge by 0.6% during the second quarter. CENTRAL TRUST Co now owns 44,999 shares of the pipeline company’s stock valued at $2,039,000 after buying an additional 248 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of ENB stock opened at $48.32 on Friday. Enbridge Inc has a 12 month low of $39.73 and a 12 month high of $50.54. The company has a market capitalization of $105.39 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 4.31 and a beta of 0.76. The firm’s 50-day moving average is $48.25 and its two-hundred day moving average is $46.87. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.65.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.During the same period last year, the business earned $0.55 EPS. Analysts predict that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $0.9425 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a yield of 7.8%. Enbridge’s dividend payout ratio (DPR) is 147.80%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ENB shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enbridge in a research report on Monday. Zacks Research downgraded Enbridge from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada lifted their price target on shares of Enbridge from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. CIBC downgraded shares of Enbridge from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.00.

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.