Enbridge Inc. (NYSE:ENB) Shares Purchased by Trajan Wealth LLC

Trajan Wealth LLC increased its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 12.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 566,256 shares of the pipeline company’s stock after purchasing an additional 63,851 shares during the period. Enbridge accounts for about 1.4% of Trajan Wealth LLC’s holdings, making the stock its 19th biggest holding. Trajan Wealth LLC’s holdings in Enbridge were worth $22,996,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENB. TruNorth Capital Management LLC acquired a new stake in Enbridge during the second quarter worth about $28,000. William B. Walkup & Associates Inc. acquired a new stake in Enbridge during the second quarter worth about $28,000. Ameritas Investment Partners Inc. acquired a new stake in Enbridge during the first quarter worth about $29,000. Richardson Financial Services Inc. acquired a new stake in Enbridge during the first quarter worth about $31,000. Finally, Grove Bank & Trust boosted its stake in Enbridge by 56.7% during the third quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock worth $31,000 after buying an additional 279 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Down 1.1 %

NYSE ENB opened at $40.42 on Wednesday. The firm has a 50 day simple moving average of $40.66 and a 200-day simple moving average of $37.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77. Enbridge Inc. has a one year low of $31.47 and a one year high of $42.16. The firm has a market cap of $86.24 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 4.00 and a beta of 0.93.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.45 by $0.13. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the firm posted $0.51 earnings per share. Equities research analysts anticipate that Enbridge Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Morgan Stanley assumed coverage on shares of Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating for the company.

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.