266,866 Enbridge Inc $ENB Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 16,456,664 shares of the pipeline company’s stock after acquiring an additional 266,866 shares during the quarter. Enbridge makes up approximately 2.0% of TD Waterhouse Canada Inc.’s holdings, making the stock its 11th biggest holding. TD Waterhouse Canada Inc.’s holdings in Enbridge were worth $760,553,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Retirement Planning Group LLC grew its holdings in Enbridge by 3.6% in the 1st quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company’s stock worth $290,000 after acquiring an additional 187 shares during the last quarter. Bank & Trust Co increased its position in shares of Enbridge by 0.6% in the second quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company’s stock valued at $1,804,000 after acquiring an additional 193 shares during the period. Cornerstone Wealth Management LLC increased its position in shares of Enbridge by 0.6% in the second quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company’s stock valued at $1,710,000 after acquiring an additional 194 shares during the period. PFG Investments LLC raised its stake in shares of Enbridge by 0.9% during the first quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company’s stock valued at $1,202,000 after acquiring an additional 202 shares during the last quarter. Finally, Clearwave Capital LLC raised its stake in shares of Enbridge by 0.9% during the second quarter. Clearwave Capital LLC now owns 22,033 shares of the pipeline company’s stock valued at $1,194,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Trading Up 2.7%

NYSE:ENB traded up $1.25 during trading hours on Friday, hitting $48.08. The company had a trading volume of 6,885,804 shares, compared to its average volume of 4,227,302. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a 50-day moving average price of $48.82 and a 200 day moving average price of $52.73. The company has a market capitalization of $107.17 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 5.58 and a beta of 0.60. Enbridge Inc has a 52 week low of $45.03 and a 52 week high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The business had revenue of $9.70 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same period in the prior year, the business earned $0.65 EPS. On average, equities research analysts predict that Enbridge Inc will post 2.10 EPS for the current fiscal year.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were given a dividend of C$0.97 per share. The ex-dividend date was Friday, August 14th. This represents a $3.88 annualized dividend and a dividend yield of 8.1%. Enbridge’s payout ratio is currently 147.06%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ENB shares. Wolfe Research set a $50.00 target price on shares of Enbridge in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce raised Enbridge from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, August 27th. Royal Bank Of Canada boosted their price target on Enbridge from $79.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. TD Securities reaffirmed a “buy” rating on shares of Enbridge in a research report on Friday. Finally, Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.88.

About Enbridge

Enbridge Inc (NYSE: ENB) is a Canadian energy infrastructure company that transports and distributes oil, natural gas and renewable energy across North America. Its operations include crude oil and liquids pipelines, natural gas transmission and storage, natural gas distribution and utility services, and renewable power generation. The company serves customers and communities in Canada and the United States.

Enbridge’s liquids pipeline network transports crude oil and other liquid hydrocarbons to refineries, export terminals and market hubs.