Aspiriant LLC Has $1.72 Million Stake in Enbridge Inc (ENB)
Aspiriant LLC cut its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,255 shares of the pipeline company’s stock after selling 2,763 shares during the period. Aspiriant LLC’s holdings in Enbridge were worth $1,722,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in Enbridge during the first quarter valued at about $102,000. Financial Architects Inc raised its stake in Enbridge by 2,987.7% in the first quarter. Financial Architects Inc now owns 2,501 shares of the pipeline company’s stock valued at $105,000 after buying an additional 2,420 shares during the period. Monroe Bank & Trust MI purchased a new stake in Enbridge during the first quarter valued at about $105,000. Kistler Tiffany Companies LLC purchased a new stake in Enbridge during the first quarter valued at about $109,000. Finally, NEXT Financial Group Inc raised its stake in Enbridge by 17.7% in the second quarter. NEXT Financial Group Inc now owns 2,731 shares of the pipeline company’s stock valued at $109,000 after buying an additional 411 shares during the period. Hedge funds and other institutional investors own 63.37% of the company’s stock.
Shares of Enbridge Inc (ENB) opened at 39.17 on Thursday. Enbridge Inc has a one year low of $37.37 and a one year high of $45.77. The company’s 50-day moving average is $40.64 and its 200-day moving average is $40.86. The company has a market cap of $64.47 billion, a price-to-earnings ratio of 31.72 and a beta of 0.62.
Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The company had revenue of $8.26 billion for the quarter, compared to analysts’ expectations of $8.81 billion. Enbridge had a return on equity of 6.04% and a net margin of 5.28%. During the same period last year, the business earned $0.50 EPS. On average, equities analysts predict that Enbridge Inc will post $1.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.489 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Enbridge’s previous quarterly dividend of $0.33. Enbridge’s dividend payout ratio is currently 190.29%.
ENB has been the subject of several analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $44.00 target price (down previously from $45.00) on shares of Enbridge in a report on Friday, July 14th. Wolfe Research initiated coverage on shares of Enbridge in a report on Friday, May 12th. They set a “market perform” rating and a $43.00 price objective for the company. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Enbridge in a report on Friday, June 23rd. Zacks Investment Research lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a report on Saturday, June 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.00.
Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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