Cozad Asset Management Inc. Boosts Stock Holdings in Enbridge Inc $ENB

Cozad Asset Management Inc. raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,139 shares of the pipeline company’s stock after purchasing an additional 1,393 shares during the quarter. Cozad Asset Management Inc.’s holdings in Enbridge were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENB. IFP Advisors Inc lifted its holdings in shares of Enbridge by 1.2% in the 2nd quarter. IFP Advisors Inc now owns 18,217 shares of the pipeline company’s stock valued at $826,000 after buying an additional 221 shares during the period. New England Capital Financial Advisors LLC raised its position in Enbridge by 21.0% in the second quarter. New England Capital Financial Advisors LLC now owns 1,285 shares of the pipeline company’s stock worth $58,000 after acquiring an additional 223 shares in the last quarter. Key Client Fiduciary Advisors LLC lifted its holdings in Enbridge by 1.7% in the second quarter. Key Client Fiduciary Advisors LLC now owns 14,606 shares of the pipeline company’s stock valued at $662,000 after acquiring an additional 242 shares during the period. Sound View Wealth Advisors Group LLC boosted its position 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 purchasing an additional 243 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Enbridge by 0.6% during the 2nd quarter. CENTRAL TRUST Co now owns 44,999 shares of the pipeline company’s stock worth $2,039,000 after purchasing an additional 248 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ENB shares. Wall Street Zen cut shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Cibc World Mkts downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a research note on Monday, November 10th. National Bankshares reaffirmed a “sector perform” rating on shares of Enbridge in a research note on Monday, November 10th. Finally, Argus lifted their price objective on Enbridge from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of “Hold” and a consensus target price of $63.00.

Enbridge Trading Down 0.7%

Shares of Enbridge stock opened at $47.97 on Friday. Enbridge Inc has a 1 year low of $39.73 and a 1 year high of $50.54. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.65. The business has a 50 day moving average price of $48.23 and a 200 day moving average price of $46.88. The company has a market capitalization of $104.64 billion, a P/E ratio of 23.63, a P/E/G ratio of 4.31 and a beta of 0.76.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). Enbridge had a return on equity of 10.77% and a net margin of 10.11%.The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the business posted $0.55 EPS. Sell-side analysts anticipate that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.9425 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a yield of 7.9%. Enbridge’s payout ratio is currently 147.80%.

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.