Ameritas Advisory Services LLC Has $185,000 Stock Holdings in Enbridge Inc $ENB

Ameritas Advisory Services LLC cut its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 51.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,076 shares of the pipeline company’s stock after selling 4,297 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Enbridge were worth $185,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in Enbridge by 137.9% in the first quarter. Goldman Sachs Group Inc. now owns 32,907,433 shares of the pipeline company’s stock valued at $1,458,128,000 after acquiring an additional 19,074,827 shares during the period. Nuveen LLC acquired a new stake in Enbridge in the 1st quarter valued at $208,490,000. Canada Pension Plan Investment Board grew its position in Enbridge by 39.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,525,987 shares of the pipeline company’s stock valued at $421,675,000 after purchasing an additional 2,707,068 shares during the period. Maple Brown Abbott Ltd acquired a new stake in Enbridge in the 1st quarter valued at $77,976,000. Finally, JPMorgan Chase & Co. grew its position in Enbridge by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 17,643,681 shares of the pipeline company’s stock valued at $781,792,000 after purchasing an additional 1,680,116 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of NYSE:ENB opened at $49.05 on Thursday. The company’s 50-day moving average is $48.33 and its 200 day moving average is $46.20. 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 company has a market capitalization of $106.97 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 4.53 and a beta of 0.78. Enbridge Inc has a fifty-two week low of $39.73 and a fifty-two week high of $50.54.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $10.56 billion. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. During the same period in the previous year, the company earned $0.58 earnings per share. On average, equities research analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 15th were paid a $0.6839 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Enbridge’s previous quarterly dividend of $0.68. This represents a $2.74 annualized dividend and a yield of 5.6%. Enbridge’s dividend payout ratio (DPR) is currently 134.98%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a research note on Wednesday. Argus lifted their target price on Enbridge from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group raised Enbridge from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Enbridge currently has a consensus rating of “Moderate Buy” and an average target price of $60.50.

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.