Enbridge Inc (ENB) Shares Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC raised its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,056 shares of the pipeline company’s stock after purchasing an additional 24,810 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Enbridge were worth $6,153,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Enbridge by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,663 shares of the pipeline company’s stock valued at $265,000 after purchasing an additional 22 shares during the period. Omnia Family Wealth LLC increased its position in Enbridge by 0.4% during the 2nd quarter. Omnia Family Wealth LLC now owns 7,405 shares of the pipeline company’s stock valued at $295,000 after purchasing an additional 28 shares during the period. HM Payson & Co. increased its position in Enbridge by 0.8% during the 2nd quarter. HM Payson & Co. now owns 6,440 shares of the pipeline company’s stock valued at $256,000 after purchasing an additional 50 shares during the period. FineMark National Bank & Trust increased its position in Enbridge by 0.6% during the 2nd quarter. FineMark National Bank & Trust now owns 9,291 shares of the pipeline company’s stock valued at $370,000 after purchasing an additional 53 shares during the period. Finally, Hudock Capital Group LLC increased its position in Enbridge by 1.0% during the 2nd quarter. Hudock Capital Group LLC now owns 6,269 shares of the pipeline company’s stock valued at $249,000 after purchasing an additional 61 shares during the period. 60.04% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on ENB. Zacks Investment Research downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Morgan Stanley reduced their price objective on shares of Enbridge from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Friday. BidaskClub downgraded shares of Enbridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, GMP Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.33.

Enbridge Inc (NYSE ENB) traded up $0.66 during trading hours on Monday, hitting $35.16. 5,706,500 shares of the stock were exchanged, compared to its average volume of 4,108,726. The stock has a market cap of $58,120.00, a P/E ratio of 22.83, a PEG ratio of 2.49 and a beta of 0.64. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. Enbridge Inc has a 12-month low of $34.39 and a 12-month high of $44.51.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Thursday, November 2nd. The pipeline company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.54 billion. Enbridge had a net margin of 7.49% and a return on equity of 5.62%. During the same period in the prior year, the firm earned $0.47 EPS. analysts expect that Enbridge Inc will post 1.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.474 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.33. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.39%. Enbridge’s dividend payout ratio is currently 124.18%.

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Enbridge Profile

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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