Enbridge Inc. (NYSE:ENB) Shares Sold by Signaturefd LLC

Financial News Live · Feb 3, 2023 23:32

Signaturefd LLC lowered its position in Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,155 shares of the pipeline company's stock after selling 3,368 shares during the quarter. Signaturefd LLC's holdings in Enbridge were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ENB. American Century Companies Inc. raised its position in shares of Enbridge by 6.9% during the 1st quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company's stock worth $2,262,000 after buying an additional 3,178 shares in the last quarter. BlackRock Inc. increased its position in shares of Enbridge by 47.5% during the 1st quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company's stock valued at $73,081,000 after purchasing an additional 510,865 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Enbridge by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company's stock worth $75,955,000 after buying an additional 112,553 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Enbridge by 3.4% in the first quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company's stock valued at $6,897,000 after buying an additional 4,883 shares during the period. Finally, Sei Investments Co. boosted its stake in Enbridge by 0.3% during the first quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company's stock valued at $14,600,000 after buying an additional 968 shares in the last quarter. 49.25% of the stock is currently owned by institutional investors and hedge funds.

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Enbridge Price Performance

NYSE ENB opened at $40.59 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.47. The firm has a market capitalization of $82.19 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.97 and a beta of 0.85. The company has a 50 day simple moving average of $40.22 and a 200-day simple moving average of $40.62. Enbridge Inc. has a 52-week low of $35.02 and a 52-week high of $47.67.

Enbridge (NYSE:ENB – Get Rating) (TSE:ENB) last released its quarterly earnings data on Friday, November 4th. The pipeline company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Enbridge had a net margin of 11.07% and a return on equity of 10.60%. The firm had revenue of $8.87 billion for the quarter. Equities research analysts predict that Enbridge Inc. will post 2.2 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be issued a dividend of $0.6538 per share. This represents a $2.62 annualized dividend and a dividend yield of 6.44%. This is a positive change from Enbridge's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, February 14th. Enbridge's dividend payout ratio (DPR) is currently 122.75%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ENB. National Bank Financial raised their price objective on shares of Enbridge from C$54.00 to C$56.00 in a research report on Friday, January 27th. Morgan Stanley decreased their target price on Enbridge from C$67.00 to C$64.00 in a report on Wednesday, October 19th. StockNews.com began coverage on Enbridge in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. BMO Capital Markets lowered Enbridge from an "outperform" rating to a "market perform" rating in a research report on Tuesday, January 24th. Finally, Scotiabank reduced their price objective on shares of Enbridge from C$62.00 to C$56.00 in a research note on Thursday, October 20th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $58.90.

Enbridge Profile

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Enbridge, Inc engages in the provision of gas and oil businesses. It operates through the following segments: Liquid Pipelines, Gas Distribution & Storage, Gas Transmission & Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.

Enbridge Inc. (NYSE:ENB) Shares Sold by Signaturefd LLC

Enbridge Price Performance

Enbridge Increases Dividend

Wall Street Analysts Forecast Growth

Enbridge Profile

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