6,003 Shares in Enbridge Inc. (NYSE:ENB) Acquired by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,003 shares of the pipeline company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENB. Cullen Frost Bankers Inc. raised its stake in shares of Enbridge by 1.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 20,601 shares of the pipeline company’s stock worth $750,000 after acquiring an additional 389 shares in the last quarter. Unigestion Holding SA raised its stake in shares of Enbridge by 12.4% during the 1st quarter. Unigestion Holding SA now owns 26,217 shares of the pipeline company’s stock worth $955,000 after acquiring an additional 2,891 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Enbridge by 10.8% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 22,567 shares of the pipeline company’s stock worth $821,000 after acquiring an additional 2,200 shares in the last quarter. Bridges Investment Management Inc. bought a new position in shares of Enbridge during the 1st quarter worth approximately $220,000. Finally, Lakeview Capital Partners LLC bought a new position in shares of Enbridge during the 1st quarter worth approximately $219,000. Hedge funds and other institutional investors own 48.05% of the company’s stock.

Shares of NYSE ENB opened at $39.80 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.49 and a current ratio of 0.60. The company has a market capitalization of $80.62 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 2.98 and a beta of 0.86. Enbridge Inc. has a 1 year low of $26.97 and a 1 year high of $41.13. The company’s fifty day moving average price is $39.31 and its 200 day moving average price is $38.53.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Thursday, July 29th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $9 billion. Enbridge had a net margin of 14.99% and a return on equity of 9.24%. During the same period last year, the firm posted $0.56 earnings per share. On average, equities analysts expect that Enbridge Inc. will post 2.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Friday, August 13th were issued a dividend of $0.6645 per share. This represents a $2.66 annualized dividend and a yield of 6.68%. The ex-dividend date was Thursday, August 12th. Enbridge’s payout ratio is 147.51%.

ENB has been the topic of a number of recent analyst reports. TD Securities upped their price target on shares of Enbridge from C$54.00 to C$55.00 and gave the company a “buy” rating in a research note on Wednesday, September 8th. CIBC upped their price target on shares of Enbridge from C$57.00 to C$58.00 and gave the company an “outperform” rating in a research note on Wednesday, September 8th. Tudor Pickering restated a “buy” rating and set a C$52.00 price target on shares of Enbridge in a research note on Friday, June 11th. BMO Capital Markets upped their price target on shares of Enbridge from C$55.00 to C$57.00 and gave the company an “outperform” rating in a research note on Wednesday, September 8th. Finally, Credit Suisse Group upgraded shares of Enbridge from a “neutral” rating to an “outperform” rating and upped their price target for the company from $52.00 to $55.00 in a research note on Thursday, June 17th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $52.08.

About Enbridge

Enbridge, Inc engages in the provision of gas and oil businesses. It operates through the following segments: Liquid Pipelines, Gas Distribution & Storage, Gas Transmission & Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.

Read More: Yield Curve

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.