Centaurus Financial Inc. Grows Position in Enbridge Inc. (NYSE:ENB)

Centaurus Financial Inc. boosted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,980 shares of the pipeline company’s stock after acquiring an additional 256 shares during the period. Centaurus Financial Inc.’s holdings in Enbridge were worth $608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ENB. Richardson Financial Services Inc. grew its holdings in shares of Enbridge by 28.4% in the third quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 246 shares in the last quarter. First PREMIER Bank grew its position in Enbridge by 1.7% in the third quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company’s stock worth $631,000 after acquiring an additional 257 shares in the last quarter. Keudell Morrison Wealth Management increased its stake in Enbridge by 1.4% during the third quarter. Keudell Morrison Wealth Management now owns 20,242 shares of the pipeline company’s stock worth $822,000 after acquiring an additional 277 shares during the last quarter. Grove Bank & Trust raised its position in Enbridge by 56.7% during the third quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 279 shares during the period. Finally, MFA Wealth Advisors LLC lifted its stake in shares of Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 280 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Enbridge Price Performance

Shares of ENB stock opened at $42.97 on Tuesday. The stock has a 50 day moving average price of $41.43 and a 200 day moving average price of $38.73. Enbridge Inc. has a 52-week low of $32.85 and a 52-week high of $43.70. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. The firm has a market capitalization of $93.58 billion, a P/E ratio of 19.89, a P/E/G ratio of 4.21 and a beta of 0.93.

Enbridge (NYSE:ENB) (TSE:ENB) last released its 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 business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same quarter last year, the firm posted $0.46 earnings per share. As a group, sell-side analysts predict that Enbridge Inc. will post 2.06 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be given a $0.676 dividend. This represents a $2.70 annualized dividend and a yield of 6.29%. This is a boost from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, November 15th. Enbridge’s payout ratio 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.