Brian Low Financial Group LLC Boosts Stake in Enbridge Inc $ENB

Brian Low Financial Group LLC increased its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 201.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,845 shares of the pipeline company’s stock after buying an additional 10,581 shares during the period. Brian Low Financial Group LLC’s holdings in Enbridge were worth $800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its stake in Enbridge by 112.4% in the 2nd quarter. Whipplewood Advisors LLC now owns 582 shares of the pipeline company’s stock valued at $26,000 after buying an additional 308 shares in the last quarter. Highline Wealth Partners LLC increased its stake in Enbridge by 73.1% during the 3rd quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company’s stock worth $28,000 after buying an additional 236 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Enbridge during the second quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Enbridge in the second quarter valued at approximately $31,000. Finally, Addison Advisors LLC purchased a new position in shares of Enbridge in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ENB shares. CIBC cut Enbridge from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 9th. Wall Street Zen cut shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Scotiabank reiterated a “sector perform” rating on shares of Enbridge in a research report on Monday, November 10th. National Bankshares reissued a “sector perform” rating on shares of Enbridge in a research note on Monday, November 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Enbridge from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.00.

Enbridge Stock Up 0.2%

NYSE ENB opened at $47.52 on Friday. The business’s fifty day simple moving average is $47.54 and its 200-day simple moving average is $47.18. The company has a quick ratio of 0.68, a current ratio of 0.80 and a debt-to-equity ratio of 1.64. The firm has a market cap of $103.66 billion, a PE ratio of 26.11 and a beta of 0.68. Enbridge Inc has a 52 week low of $39.73 and a 52 week high of $50.54.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Enbridge had a net margin of 9.20% and a return on equity of 10.51%. The firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the prior year, the company posted $0.55 EPS. As a group, equities analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a boost from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio is presently 147.80%.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.