Fiera Capital Corp Sells 51,724 Shares of Enbridge Inc. (NYSE:ENB)

Fiera Capital Corp lessened its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 46.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 58,736 shares of the pipeline company’s stock after selling 51,724 shares during the period. Fiera Capital Corp’s holdings in Enbridge were worth $2,389,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of Enbridge by 6.1% during 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 last quarter. Stonegate Investment Group LLC grew its holdings in shares of Enbridge by 66.5% during the third quarter. Stonegate Investment Group LLC now owns 33,833 shares of the pipeline company’s stock worth $1,374,000 after purchasing an additional 13,515 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Enbridge during the first quarter worth $1,133,000. International Assets Investment Management LLC boosted its holdings in Enbridge by 734.1% in the third quarter. International Assets Investment Management LLC now owns 891,403 shares of the pipeline company’s stock valued at $36,200,000 after acquiring an additional 784,535 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in Enbridge by 29.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 167,701 shares of the pipeline company’s stock valued at $6,810,000 after acquiring an additional 38,231 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

ENB has been the topic of several recent research reports. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday. Morgan Stanley began coverage on Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating on the stock. Finally, Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th.

Enbridge Trading Down 0.2 %

NYSE:ENB opened at $42.33 on Friday. Enbridge Inc. has a 1-year low of $32.76 and a 1-year high of $42.61. The business’s 50-day moving average price is $40.92 and its two-hundred day moving average price is $38.20. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $92.18 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 4.04 and a beta of 0.93.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.15. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. The firm had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities analysts expect that Enbridge Inc. will post 2.06 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be given a dividend of $0.676 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.39%. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio (DPR) 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.