8,080 Shares in Enbridge Inc. (NYSE:ENB) Bought by Murchinson Ltd.

Murchinson Ltd. bought a new stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,080 shares of the pipeline company’s stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IHT Wealth Management LLC grew its holdings in shares of Enbridge by 27.1% in the 3rd quarter. IHT Wealth Management LLC now owns 20,154 shares of the pipeline company’s stock worth $820,000 after acquiring an additional 4,292 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Enbridge by 7.2% in the third quarter. Integrated Wealth Concepts LLC now owns 59,331 shares of the pipeline company’s stock valued at $2,409,000 after acquiring an additional 3,973 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Enbridge by 431.5% during the third quarter. Janus Henderson Group PLC now owns 1,057,996 shares of the pipeline company’s stock valued at $42,966,000 after acquiring an additional 858,932 shares during the last quarter. HighTower Advisors LLC increased its position in Enbridge by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 520,422 shares of the pipeline company’s stock worth $21,115,000 after purchasing an additional 8,902 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in Enbridge by 4.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 18,929 shares of the pipeline company’s stock valued at $769,000 after purchasing an additional 796 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ENB shares. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley initiated coverage on Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating on the stock.

Enbridge Trading Up 0.3 %

Shares of ENB stock opened at $43.49 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. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $43.88. The firm’s 50 day moving average price is $41.73 and its two-hundred day moving average price is $38.98. The stock has a market cap of $94.72 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 4.26 and a beta of 0.94.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.15. The firm had revenue of $10.91 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.46 EPS. On average, analysts anticipate that Enbridge Inc. will post 2.04 EPS for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 15th were given a $0.676 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.70 annualized dividend and a yield of 6.22%. Enbridge’s dividend payout ratio (DPR) is 121.76%.

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.