Enbridge Inc (NYSE:ENB) Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Enbridge Inc by 1.0%, owning a total of 6,147,968 shares valued at approximately $272 million.
• Enbridge recently declared a quarterly dividend of $0.6839 per share, up from the previous dividend of $0.68, resulting in an annualized yield of 5.8%.
• Analysts have mixed ratings for Enbridge, with a consensus rating of "Moderate Buy" and an average target price of $67.00.

Charles Schwab Investment Management Inc. increased its stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,147,968 shares of the pipeline company's stock after buying an additional 61,531 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.28% of Enbridge worth $272,063,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ENB. Capital Investment Counsel Inc raised its holdings in Enbridge by 3.1% during the first quarter. Capital Investment Counsel Inc now owns 7,527 shares of the pipeline company's stock worth $333,000 after purchasing an additional 223 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Enbridge by 0.7% during the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 34,326 shares of the pipeline company's stock worth $1,526,000 after purchasing an additional 226 shares in the last quarter. Loudon Investment Management LLC raised its position in shares of Enbridge by 1.1% during the 1st quarter. Loudon Investment Management LLC now owns 21,201 shares of the pipeline company's stock worth $939,000 after purchasing an additional 240 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in Enbridge by 4.8% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 5,304 shares of the pipeline company's stock valued at $235,000 after buying an additional 243 shares in the last quarter. Finally, Hardin Capital Partners LLC grew its holdings in Enbridge by 2.7% during the 1st quarter. Hardin Capital Partners LLC now owns 9,553 shares of the pipeline company's stock valued at $423,000 after buying an additional 252 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ENB shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research note on Tuesday, August 5th. Finally, Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Enbridge has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Trading Down 0.1%

NYSE ENB traded down $0.05 during trading hours on Friday, hitting $47.03. 2,387,065 shares of the company's stock were exchanged, compared to its average volume of 3,850,334. The business's 50 day moving average is $45.48 and its 200-day moving average is $44.63. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.65 and a current ratio of 0.75. Enbridge Inc has a 12-month low of $38.44 and a 12-month high of $47.44. The firm has a market capitalization of $102.55 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 4.32 and a beta of 0.79.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, August 1st. The pipeline company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.06. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The company had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $10.56 billion. During the same quarter in the prior year, the company posted $0.58 EPS. As a group, analysts anticipate that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Friday, August 15th will be issued a $0.6839 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.68. The ex-dividend date is Friday, August 15th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 5.8%. Enbridge's dividend payout ratio (DPR) is 133.99%.

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.