Capital Advisors Inc. OK Has $40.79 Million Stock Holdings in Enbridge Inc $ENB

Capital Advisors Inc. OK increased its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 900,128 shares of the pipeline company’s stock after buying an additional 21,652 shares during the period. Capital Advisors Inc. OK’s holdings in Enbridge were worth $40,794,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Capital Investment Counsel Inc boosted its holdings in shares of Enbridge by 3.1% during the 1st quarter. Capital Investment Counsel Inc now owns 7,527 shares of the pipeline company’s stock worth $333,000 after buying an additional 223 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings 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 buying an additional 226 shares during the period. Loudon Investment Management LLC boosted its holdings 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 buying an additional 240 shares during the period. Key Client Fiduciary Advisors LLC boosted its holdings in shares of Enbridge by 1.7% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 14,606 shares of the pipeline company’s stock worth $662,000 after buying an additional 242 shares during the period. Finally, Sound View Wealth Advisors Group LLC boosted its holdings in shares of Enbridge by 4.8% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 5,304 shares of the pipeline company’s stock worth $235,000 after buying an additional 243 shares during the period. 54.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ENB has been the subject of several recent analyst reports. National Bankshares reaffirmed a “sector perform” rating on shares of Enbridge in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a report on Saturday, September 27th. Jefferies Financial Group raised shares of Enbridge from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Finally, Zacks Research downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.50.

Enbridge Trading Up 0.8%

Shares of ENB stock opened at $50.11 on Monday. Enbridge Inc has a 52-week low of $39.73 and a 52-week high of $50.54. The stock has a market cap of $109.27 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 4.58 and a beta of 0.78. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.65 and a current ratio of 0.75. The firm has a fifty day moving average of $48.06 and a 200-day moving average of $46.12.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, August 1st. The pipeline company reported $0.47 earnings per share (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 analysts’ expectations of $10.56 billion. During the same quarter in the prior year, the company posted $0.58 EPS. On average, equities research analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

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

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.