Enbridge Inc. (NYSE:ENB) Shares Purchased by Old North State Trust LLC

Financial News Live · Feb 5, 2023 02:51

Old North State Trust LLC increased its stake in Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) by 97,353.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,669 shares of the pipeline company's stock after purchasing an additional 12,656 shares during the quarter. Old North State Trust LLC's holdings in Enbridge were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Enbridge by 6.9% in the 1st quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company's stock valued at $2,262,000 after acquiring an additional 3,178 shares in the last quarter. BlackRock Inc. boosted its stake in Enbridge by 47.5% in the 1st quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company's stock valued at $73,081,000 after buying an additional 510,865 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Enbridge by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company's stock valued at $75,955,000 after buying an additional 112,553 shares in the last quarter. Blair William & Co. IL boosted its stake in Enbridge by 3.4% in the first quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company's stock worth $6,897,000 after purchasing an additional 4,883 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Enbridge by 0.3% in the first quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company's stock worth $14,600,000 after purchasing an additional 968 shares in the last quarter. Hedge funds and other institutional investors own 49.25% of the company's stock.

Get Enbridge alerts:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Credit Suisse Group dropped their price objective on Enbridge from C$54.00 to C$52.00 in a report on Friday, December 9th. National Bank Financial upped their price objective on Enbridge from C$54.00 to C$56.00 in a research report on Friday, January 27th. Scotiabank cut their price objective on Enbridge from C$62.00 to C$56.00 in a research report on Thursday, October 20th. BMO Capital Markets lowered Enbridge from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 24th. Finally, Morgan Stanley lowered their target price on Enbridge from C$67.00 to C$64.00 in a research note on Wednesday, October 19th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $58.90.

Enbridge Trading Down 0.0 %

NYSE ENB opened at $40.57 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. Enbridge Inc. has a twelve month low of $35.02 and a twelve month high of $47.67. The company has a market cap of $82.15 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.96 and a beta of 0.85. The business's fifty day moving average is $40.20 and its 200 day moving average is $40.60.

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 return on equity of 10.60% and a net margin of 11.07%. The company had revenue of $8.87 billion for the quarter. As a group, sell-side analysts expect that Enbridge Inc. will post 2.2 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.6538 per share. The ex-dividend date is Tuesday, February 14th. This is an increase from Enbridge's previous quarterly dividend of $0.63. This represents a $2.62 annualized dividend and a yield of 6.45%. Enbridge's payout ratio is presently 123.70%.

Enbridge Company Profile

(Get Rating)

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 Purchased by Old North State Trust LLC

Wall Street Analysts Forecast Growth

Enbridge Trading Down 0.0 %

Enbridge Increases Dividend

Enbridge Company Profile

Recommended Stories

Risk Disclaimer