Voya Investment Management LLC Acquires 505 Shares of Enbridge Inc (ENB)

Voya Investment Management LLC increased its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,948 shares of the pipeline company’s stock after buying an additional 505 shares during the period. Voya Investment Management LLC’s holdings in Enbridge were worth $5,969,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ENB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Enbridge by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,663 shares of the pipeline company’s stock worth $265,000 after purchasing an additional 22 shares during the last quarter. Omnia Family Wealth LLC raised its holdings in Enbridge by 0.4% during the 2nd quarter. Omnia Family Wealth LLC now owns 7,405 shares of the pipeline company’s stock worth $295,000 after purchasing an additional 28 shares during the last quarter. HM Payson & Co. raised its holdings in Enbridge by 0.8% during the 2nd quarter. HM Payson & Co. now owns 6,440 shares of the pipeline company’s stock worth $256,000 after purchasing an additional 50 shares during the last quarter. FineMark National Bank & Trust raised its holdings in Enbridge by 0.6% during the 2nd quarter. FineMark National Bank & Trust now owns 9,291 shares of the pipeline company’s stock worth $370,000 after purchasing an additional 53 shares during the last quarter. Finally, Hudock Capital Group LLC raised its holdings in Enbridge by 1.0% during the 2nd quarter. Hudock Capital Group LLC now owns 6,269 shares of the pipeline company’s stock worth $249,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 61.58% of the company’s stock.

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Shares of Enbridge Inc (NYSE:ENB) opened at 41.36 on Wednesday. The company has a market cap of $68.07 billion, a price-to-earnings ratio of 32.46 and a beta of 0.65. The firm’s 50-day moving average is $40.93 and its 200-day moving average is $40.56. Enbridge Inc has a 52 week low of $37.37 and a 52 week high of $45.09.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). The company had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $8.81 billion. Enbridge had a net margin of 5.28% and a return on equity of 6.04%. During the same period in the prior year, the firm posted $0.50 EPS. Equities research analysts predict that Enbridge Inc will post $1.63 earnings per share for the current year.

Several research analysts have issued reports on the stock. J P Morgan Chase & Co restated a “neutral” rating on shares of Enbridge in a report on Friday, June 23rd. Morgan Stanley restated an “equal weight” rating and set a $44.00 price target (down previously from $45.00) on shares of Enbridge in a report on Friday, July 14th. Zacks Investment Research lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a report on Saturday, June 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $56.00.

Enbridge Company Profile

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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