6,194 Shares in Enbridge Inc $ENB Bought by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC has acquired a new position in Enbridge Inc, purchasing 6,194 shares valued at approximately $281,000 in the 2nd quarter.
• Enbridge recently declared a quarterly dividend of $0.6839 per share, an increase from its previous dividend, with a dividend yield of 5.5%.
• Enbridge reported $0.47 earnings per share (EPS) for the last quarter, exceeding estimates, with expectations for a 2.14 EPS for the current year.

Pure Financial Advisors LLC acquired a new position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,194 shares of the pipeline company's stock, valued at approximately $281,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Enbridge during the 4th quarter worth approximately $261,000. GAMMA Investing LLC raised its position in Enbridge by 4,331.0% during the first quarter. GAMMA Investing LLC now owns 31,593 shares of the pipeline company's stock valued at $1,400,000 after purchasing an additional 30,880 shares in the last quarter. Merit Financial Group LLC lifted its stake in Enbridge by 8.7% during the first quarter. Merit Financial Group LLC now owns 31,602 shares of the pipeline company's stock worth $1,400,000 after purchasing an additional 2,529 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Enbridge in the 1st quarter valued at $236,000. Finally, Stokes Capital Advisors LLC increased its stake in shares of Enbridge by 0.7% in the 1st quarter. Stokes Capital Advisors LLC now owns 106,560 shares of the pipeline company's stock valued at $4,722,000 after purchasing an additional 779 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Performance

Shares of ENB stock opened at $50.11 on Friday. The firm has a market capitalization of $109.27 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 4.58 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. The business's 50-day moving average price is $48.06 and its 200-day moving average price is $46.11. Enbridge Inc has a 12 month low of $39.73 and a 12 month high of $50.54.

Enbridge (NYSE:ENB - Get Free Report) 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 the consensus estimate of $0.41 by $0.06. The company had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $10.56 billion. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.During the same quarter in the prior year, the firm posted $0.58 earnings per share. Equities research analysts forecast that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 15th were paid a dividend of $0.6839 per share. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Enbridge's previous quarterly dividend of $0.68. This represents a $2.74 annualized dividend and a dividend yield of 5.5%. Enbridge's payout ratio is 134.98%.

Analyst Ratings Changes

A number of equities analysts have recently commented on ENB shares. Zacks Research cut Enbridge from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. Jefferies Financial Group raised Enbridge from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Tuesday, August 5th. Weiss Ratings restated a "buy (b)" rating on shares of Enbridge in a research note on Saturday, September 27th. Finally, Wall Street Zen cut shares of Enbridge from a "hold" rating to a "sell" rating in a research report on Sunday, September 21st. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.50.

Enbridge 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.

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