5,000 Shares in Enbridge Inc. (NYSE:ENB) Purchased by Gibson Wealth Advisors LLC

Gibson Wealth Advisors LLC acquired a new stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the third quarter, Holdings Channel.com reports. The firm acquired 5,000 shares of the pipeline company’s stock, valued at approximately $203,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in Enbridge by 6.1% in the 1st quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company’s stock valued at $9,922,000 after acquiring an additional 15,650 shares during the last quarter. Stonegate Investment Group LLC increased its stake in shares of Enbridge by 66.5% during the third quarter. Stonegate Investment Group LLC now owns 33,833 shares of the pipeline company’s stock valued at $1,374,000 after buying an additional 13,515 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Enbridge by 816.2% in the third quarter. Lindbrook Capital LLC now owns 21,714 shares of the pipeline company’s stock valued at $882,000 after acquiring an additional 19,344 shares in the last quarter. Ted Buchan & Co grew its holdings in Enbridge by 43.5% during the 3rd quarter. Ted Buchan & Co now owns 48,799 shares of the pipeline company’s stock worth $1,985,000 after acquiring an additional 14,791 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in Enbridge during the 1st quarter valued at about $1,133,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Down 1.4 %

Shares of Enbridge stock opened at $42.18 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. The company has a market cap of $91.84 billion, a P/E ratio of 19.53, a PEG ratio of 4.16 and a beta of 0.93. The firm’s 50 day moving average price is $41.01 and its 200-day moving average price is $38.32. Enbridge Inc. has a 52-week low of $32.76 and a 52-week high of $43.00.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.15. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same period in the previous year, the company earned $0.46 earnings per share. On average, sell-side analysts predict that Enbridge Inc. will post 2.06 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.676 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.41%. Enbridge’s payout ratio is presently 122.22%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ENB. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Morgan Stanley initiated coverage on Enbridge in a research report on Friday, October 25th. They issued an “equal weight” rating for the company.

Enbridge Company 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.