Carnick & Kubik Group LLC boosted its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,349 shares of the pipeline company’s stock after buying an additional 1,515 shares during the period. Carnick & Kubik Group LLC’s holdings in Enbridge were worth $890,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. FineMark National Bank & Trust raised its position in Enbridge by 0.6% in the second quarter. FineMark National Bank & Trust now owns 9,291 shares of the pipeline company’s stock valued at $370,000 after buying an additional 53 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in Enbridge by 0.3% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 18,722 shares of the pipeline company’s stock valued at $745,000 after buying an additional 64 shares in the last quarter. Family Legacy Inc. raised its position in Enbridge by 1.2% in the second quarter. Family Legacy Inc. now owns 5,781 shares of the pipeline company’s stock valued at $230,000 after buying an additional 68 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in Enbridge by 0.4% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 35,126 shares of the pipeline company’s stock valued at $1,470,000 after buying an additional 126 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its position in Enbridge by 2.2% in the first quarter. Capital Asset Advisory Services LLC now owns 6,741 shares of the pipeline company’s stock valued at $282,000 after buying an additional 143 shares in the last quarter. 63.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Enbridge Inc (NYSE ENB) opened at 40.61 on Thursday. Enbridge Inc has a 52-week low of $37.37 and a 52-week high of $45.77. The company’s 50-day moving average is $40.60 and its 200 day moving average is $41.01. The firm has a market capitalization of $66.55 billion, a P/E ratio of 42.52 and a beta of 0.62.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.05. Enbridge had a net margin of 5.28% and a return on equity of 6.04%. The business had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $8.81 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. Analysts expect that Enbridge Inc will post $1.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.489 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.33. This represents a $1.96 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Friday, August 11th. Enbridge’s dividend payout ratio (DPR) is presently 173.79%.

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Several equities analysts have commented on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $44.00 target price (down from $45.00) on shares of Enbridge in a report on Friday, July 14th. BidaskClub raised shares of Enbridge from a “strong sell” rating to a “sell” rating in a report on Saturday, June 24th. J P Morgan Chase & Co reaffirmed 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, 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 target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $54.00.

About Enbridge

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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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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