Koshinski Asset Management Inc. Buys 4,953 Shares of Enbridge Inc $ENB

Koshinski Asset Management Inc. lifted its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 73.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,679 shares of the pipeline company’s stock after acquiring an additional 4,953 shares during the period. Koshinski Asset Management Inc.’s holdings in Enbridge were worth $529,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ENB. Brighton Jones LLC bought a new position in shares of Enbridge in the 4th quarter valued at approximately $261,000. Wealth Enhancement Advisory Services LLC increased its position in Enbridge by 6.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 438,557 shares of the pipeline company’s stock worth $19,431,000 after buying an additional 25,071 shares during the period. QRG Capital Management Inc. increased its position in Enbridge by 21.1% in the 1st quarter. QRG Capital Management Inc. now owns 9,118 shares of the pipeline company’s stock worth $404,000 after buying an additional 1,590 shares during the period. Avior Wealth Management LLC increased its position in Enbridge by 51.1% in the 1st quarter. Avior Wealth Management LLC now owns 8,777 shares of the pipeline company’s stock worth $389,000 after buying an additional 2,970 shares during the period. Finally, Advisor Resource Council bought a new position in Enbridge in the 1st quarter worth approximately $727,000. 54.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a research report on Sunday, September 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a research report on Wednesday, October 8th. Argus lifted their price target on Enbridge from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Zacks Research downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Cibc World Mkts downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $60.50.

Enbridge Stock Performance

ENB opened at $47.07 on Monday. The stock has a market cap of $102.64 billion, a PE ratio of 23.18, a P/E/G ratio of 4.32 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 1.58. Enbridge Inc has a 1 year low of $39.73 and a 1 year high of $50.54. The stock’s 50 day simple moving average is $48.47 and its 200-day simple moving average is $46.37.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, August 1st. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $10.56 billion. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.During the same period in the previous year, the business posted $0.58 earnings per share. Sell-side analysts forecast that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Friday, August 15th were given a $0.6839 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 5.8%. This is a positive change from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, August 15th. Enbridge’s dividend payout ratio (DPR) is currently 134.98%.

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.