Vaughan David Investments LLC IL Has $30.13 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

Vaughan David Investments LLC IL raised its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 752,455 shares of the pipeline company’s stock after acquiring an additional 17,770 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Enbridge were worth $30,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG lifted its stake in shares of Enbridge by 23.1% in the second quarter. Deutsche Bank AG now owns 18,734,041 shares of the pipeline company’s stock worth $750,111,000 after buying an additional 3,516,502 shares during the last quarter. Blackstone Group Inc. lifted its stake in shares of Enbridge by 34.0% in the first quarter. Blackstone Group Inc. now owns 18,504,385 shares of the pipeline company’s stock worth $673,560,000 after buying an additional 4,691,642 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Enbridge by 18.8% in the second quarter. Toronto Dominion Bank now owns 16,926,855 shares of the pipeline company’s stock worth $700,292,000 after buying an additional 2,676,254 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Enbridge by 15.0% in the first quarter. Clearbridge Investments LLC now owns 9,840,933 shares of the pipeline company’s stock worth $358,210,000 after buying an additional 1,282,585 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Enbridge by 5.7% in the second quarter. Swiss National Bank now owns 8,683,185 shares of the pipeline company’s stock worth $348,310,000 after buying an additional 471,354 shares during the last quarter. Hedge funds and other institutional investors own 48.05% of the company’s stock.

Shares of ENB traded down $0.64 during trading hours on Monday, hitting $39.01. The stock had a trading volume of 88,442 shares, compared to its average volume of 4,228,038. The company’s fifty day moving average is $39.30 and its two-hundred day moving average is $38.64. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.60 and a quick ratio of 0.49. Enbridge Inc. has a 52 week low of $26.97 and a 52 week high of $41.13. The stock has a market capitalization of $79.02 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 2.98 and a beta of 0.86.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Thursday, July 29th. The pipeline company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. Enbridge had a net margin of 14.99% and a return on equity of 9.24%. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $9 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. Equities analysts predict that Enbridge Inc. will post 2.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Friday, August 13th were issued a dividend of $0.6645 per share. This represents a $2.66 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend was Thursday, August 12th. Enbridge’s dividend payout ratio is currently 147.51%.

Several research firms recently commented on ENB. Barclays cut shares of Enbridge from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a research note on Tuesday, July 20th. Zacks Investment Research cut shares of Enbridge from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research note on Monday, June 14th. Scotiabank upped their target price on shares of Enbridge from C$54.00 to C$55.00 and gave the company an “outperform” rating in a research note on Thursday, July 8th. The Goldman Sachs Group boosted their price target on shares of Enbridge from C$41.00 to C$43.00 and gave the company a “neutral” rating in a report on Monday, September 13th. Finally, BMO Capital Markets boosted their price target on shares of Enbridge from C$55.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, September 8th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $52.08.

Enbridge Company Profile

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 U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.

Read More: Initial Coin Offering (ICO)

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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