Enbridge Inc. (NYSE:ENB) Shares Acquired by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. boosted its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 185,447 shares of the pipeline company’s stock after acquiring an additional 4,376 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Enbridge were worth $7,531,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ENB. TruNorth Capital Management LLC purchased a new stake in Enbridge in the second quarter valued at approximately $28,000. William B. Walkup & Associates Inc. acquired a new position in Enbridge during the 2nd quarter worth about $28,000. Ameritas Investment Partners Inc. purchased a new position in Enbridge during the 1st quarter valued at about $29,000. Grove Bank & Trust grew its position in Enbridge by 56.7% in the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 279 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its stake in Enbridge by 55.6% during the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. Finally, Morgan Stanley started coverage on Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating for the company.

Enbridge Price Performance

Enbridge stock opened at $42.33 on Friday. Enbridge Inc. has a 12 month low of $32.76 and a 12 month high of $42.61. The stock has a market capitalization of $92.18 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 4.04 and a beta of 0.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.68. The business has a 50 day simple moving average of $40.92 and a 200-day simple moving average of $38.20.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the firm earned $0.46 EPS. Equities analysts predict that Enbridge Inc. will post 2.06 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.676 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Friday, November 15th. This is a boost from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s payout ratio is currently 122.22%.

Enbridge Company Profile

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.