Foster Victor Wealth Advisors LLC Has $1.13 Million Holdings in Enbridge Inc (NYSE:ENB)

Foster Victor Wealth Advisors LLC raised its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 49.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 32,494 shares of the pipeline company’s stock after acquiring an additional 10,750 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Enbridge were worth $1,131,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ENB. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of Enbridge by 5.8% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 102,418 shares of the pipeline company’s stock valued at $3,593,000 after purchasing an additional 5,577 shares in the last quarter. Truvestments Capital LLC lifted its holdings in shares of Enbridge by 18.2% in the third quarter. Truvestments Capital LLC now owns 36,909 shares of the pipeline company’s stock valued at $1,295,000 after purchasing an additional 5,676 shares in the last quarter. Gofen & Glossberg LLC IL lifted its holdings in shares of Enbridge by 10.2% in the third quarter. Gofen & Glossberg LLC IL now owns 17,378 shares of the pipeline company’s stock valued at $610,000 after purchasing an additional 1,615 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Enbridge by 15.7% in the third quarter. Bogart Wealth LLC now owns 3,134 shares of the pipeline company’s stock valued at $110,000 after purchasing an additional 426 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its holdings in shares of Enbridge by 7.5% in the third quarter. Capital Asset Advisory Services LLC now owns 9,807 shares of the pipeline company’s stock valued at $344,000 after purchasing an additional 683 shares in the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

NYSE:ENB traded up $0.29 during trading hours on Friday, reaching $35.95. The stock had a trading volume of 313,642 shares, compared to its average volume of 2,992,274. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.53 and a current ratio of 0.63. The stock has a 50 day simple moving average of $34.50 and a 200 day simple moving average of $35.55. Enbridge Inc has a 12-month low of $28.82 and a 12-month high of $38.04. The stock has a market cap of $72.91 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.71 and a beta of 0.57.



Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, August 2nd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. Enbridge had a return on equity of 8.16% and a net margin of 9.97%. The business had revenue of $9.92 billion during the quarter. On average, equities analysts expect that Enbridge Inc will post 2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $0.251 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Monday, September 30th. Enbridge’s dividend payout ratio is currently 107.80%.

A number of research analysts have recently weighed in on ENB shares. Wolfe Research lowered Enbridge from an “outperform” rating to a “peer perform” rating and set a $37.00 target price on the stock. in a report on Thursday, June 13th. Scotiabank upgraded Enbridge from a “sector perform” rating to an “outperform” rating in a report on Thursday. ValuEngine lowered Enbridge from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Goldman Sachs Group initiated coverage on Enbridge in a report on Thursday, July 18th. They set a “neutral” rating on the stock. Finally, Bank of America lowered Enbridge from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $43.75.

Enbridge Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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