Ameritas Advisory Services LLC Takes $1.22 Million Position in Enbridge Inc $ENB

Key Points

• Ameritas Advisory Services acquired 22,552 Enbridge shares worth approximately $1.22 million, while institutional investors and hedge funds collectively own 54.6% of the company.
• Enbridge exceeded quarterly expectations with $0.46 EPS versus a $0.43 consensus estimate and $9.70 billion in revenue. It also maintains an annualized dividend of $3.88 per share, yielding about 8%, though its payout ratio is elevated at 147.1%.
• The company agreed to buy Tallgrass’ crude transportation business for $2.55 billion, but plans to fund part of the deal through a roughly C$2.6 billion share offering, creating near-term dilution. Analysts remain generally positive, with a “Moderate Buy” consensus and a $67 average price target, while Line 5 regulatory uncertainty remains a risk.

Ameritas Advisory Services LLC acquired a new position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,552 shares of the pipeline company's stock, valued at approximately $1,223,000.

A number of other large investors have also recently modified their holdings of the business. Triumph Capital Management acquired a new stake in Enbridge in the third quarter valued at about $26,000. Arlington Trust Co LLC grew its position in Enbridge by 114.6% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company's stock worth $27,000 after acquiring an additional 267 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in Enbridge in the 3rd quarter worth about $28,000. Inspire Investing LLC acquired a new position in Enbridge in the 4th quarter worth about $29,000. Finally, Imprint Wealth LLC bought a new position in Enbridge in the third quarter valued at about $31,000. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Stock Performance

NYSE:ENB opened at $48.24 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.66 and a current ratio of 0.72. Enbridge Inc has a fifty-two week low of $45.03 and a fifty-two week high of $58.45. The company has a 50 day simple moving average of $52.76 and a two-hundred day simple moving average of $53.91. The company has a market capitalization of $105.36 billion, a PE ratio of 25.80, a P/E/G ratio of 5.95 and a beta of 0.57.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The firm had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $8.67 billion. During the same quarter in the previous year, the company earned $0.65 EPS. Research analysts anticipate that Enbridge Inc will post 2.11 earnings per share for the current year.

Enbridge Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Friday, August 14th. Enbridge's dividend payout ratio (DPR) is currently 147.06%.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge agreed to acquire Tallgrass’ crude transportation business for approximately US$2.55 billion. The assets include a 75% interest in the Pony Express pipeline, as well as storage and terminal infrastructure connecting Rocky Mountain production with Cushing, Oklahoma. Enbridge expects the deal to be accretive to distributable cash flow per share in the first full year, strengthening its U.S. liquids pipeline platform. Enbridge to Acquire Tallgrass' Crude Transportation Business
• Positive Sentiment: National Bank Financial upgraded Enbridge from “hold” to “strong-buy,” adding analyst support after the recent pullback. Enbridge Analyst Upgrade
• Positive Sentiment: Short interest fell 47% between August 15 and August 31, leaving about 1.7% of shares sold short. The reduction suggests bearish positioning has eased and may provide technical support.
• Positive Sentiment: Investors continue to highlight Enbridge’s scale, diversified infrastructure portfolio and long dividend record, including 31 consecutive years of dividend increases. Enbridge Dividend Article
• Neutral Sentiment: Enbridge is also pursuing gas infrastructure growth, including a reported $33 million Enbridge Gas Ohio pipeline project, while broader midstream mergers are being driven by LNG, NGL and crude export demand. Enbridge Gas Ohio Pipeline Project
• Negative Sentiment: To help fund the Tallgrass acquisition and other opportunities, Enbridge launched a bought-deal offering of approximately C$2.6 billion, issuing 38.9 million shares at C$66.85. The added share count creates near-term dilution and overshadowed the acquisition’s expected cash-flow benefits. Enbridge Equity Offering and Tallgrass Analysis
• Negative Sentiment: Michigan Governor Gretchen Whitmer again urged Enbridge to shut down Line 5 and said the state is reconsidering related permits, maintaining regulatory and operational risk around the pipeline. Whitmer Line 5 Comments

Wall Street Analyst Weigh In

ENB has been the topic of a number of recent research reports. Raymond James Financial lowered Enbridge from an "outperform" rating to a "market perform" rating in a research note on Friday, July 31st. Royal Bank Of Canada upped their price objective on Enbridge from $79.00 to $84.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. TD Securities reiterated a "hold" rating on shares of Enbridge in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce upgraded shares of Enbridge from a "neutral" rating to a "sector outperform" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Enbridge in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Company Profile

Enbridge Inc is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1949 as Interprovincial Pipe Line, the company has grown into one of North America's largest energy delivery businesses, operating primarily in Canada and the United States.

Enbridge's operations include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas distribution and utility services. Its pipeline systems transport energy products from producing regions to refineries, export facilities, utilities and other customers.

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