Enbridge Inc. (NYSE:ENB) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 43.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,524 shares of the pipeline company’s stock after selling 5,752 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Enbridge were worth $306,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in shares of Enbridge during the 2nd quarter worth approximately $28,000. William B. Walkup & Associates Inc. acquired a new stake in Enbridge in the second quarter worth $28,000. Grove Bank & Trust lifted its stake in Enbridge by 56.7% in the third quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after buying an additional 279 shares during the last quarter. MFA Wealth Advisors LLC boosted its holdings in shares of Enbridge by 55.6% during the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 280 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in shares of Enbridge in the 3rd quarter worth about $35,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Up 1.1 %

Enbridge stock opened at $43.38 on Monday. Enbridge Inc. has a 52 week low of $32.85 and a 52 week high of $43.70. The stock has a market cap of $94.48 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 4.26 and a beta of 0.93. The company’s 50-day moving average price is $41.62 and its two-hundred day moving average price is $38.89. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same quarter last year, the business earned $0.46 earnings per share. On average, analysts expect that Enbridge Inc. will post 2.04 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 15th were paid a dividend of $0.676 per share. The ex-dividend date was Friday, November 15th. This represents a $2.70 annualized dividend and a yield of 6.23%. This is a boost from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio (DPR) is currently 121.76%.

Analysts Set New Price Targets

A number of research firms have issued reports on ENB. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Morgan Stanley started coverage on Enbridge in a report on Friday, October 25th. They issued an “equal weight” rating for the company. Finally, Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th.

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.