Crossmark Global Holdings Inc. reduced its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 48.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,140 shares of the pipeline company's stock after selling 64,444 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Enbridge were worth $2,808,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Enbridge by 19.4% in the 1st quarter. BNP Paribas Financial Markets now owns 6,991 shares of the pipeline company's stock valued at $253,000 after purchasing an additional 1,136 shares during the period. Atomi Financial Group Inc. acquired a new position in Enbridge in the 1st quarter valued at $347,000. Concurrent Investment Advisors LLC grew its holdings in shares of Enbridge by 3.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 24,193 shares of the pipeline company's stock worth $875,000 after purchasing an additional 740 shares in the last quarter. Sei Investments Co. increased its position in shares of Enbridge by 6.1% in the first quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company's stock worth $9,922,000 after purchasing an additional 15,650 shares during the period. Finally, US Bancorp DE raised its stake in Enbridge by 21.2% in the first quarter. US Bancorp DE now owns 461,607 shares of the pipeline company's stock valued at $16,701,000 after purchasing an additional 80,711 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.
ENB stock opened at $42.79 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. The firm has a market cap of $93.17 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 4.11 and a beta of 0.93. The company's fifty day simple moving average is $40.92 and its 200 day simple moving average is $38.23. Enbridge Inc. has a 12-month low of $32.76 and a 12-month high of $42.89.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.40 by $0.15. The company 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 in the prior year, the company earned $0.46 EPS. On average, analysts expect that Enbridge Inc. will post 2.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a $0.676 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 6.32%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. Enbridge's payout ratio is presently 122.22%.
A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on Enbridge in a research report on Friday, October 25th. They issued an "equal weight" rating for the company. Finally, Jefferies Financial Group cut shares of Enbridge from a "buy" rating to a "hold" rating in a research report on Monday, September 30th.
Check Out Our Latest Research Report on Enbridge
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.
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