Compound Planning Inc. Has $2.84 Million Position in Enbridge Inc $ENB

Compound Planning Inc. lessened its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 18.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,473 shares of the pipeline company’s stock after selling 12,134 shares during the quarter. Compound Planning Inc.’s holdings in Enbridge were worth $2,841,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ENB. Brighton Jones LLC bought a new stake in Enbridge in the fourth quarter worth approximately $261,000. AQR Capital Management LLC raised its holdings in shares of Enbridge by 68.5% during the 1st quarter. AQR Capital Management LLC now owns 28,533 shares of the pipeline company’s stock valued at $1,264,000 after purchasing an additional 11,599 shares in the last quarter. AXA S.A. lifted its stake in shares of Enbridge by 15.5% in the 2nd quarter. AXA S.A. now owns 113,887 shares of the pipeline company’s stock valued at $5,161,000 after purchasing an additional 15,259 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Enbridge by 93.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 22,016 shares of the pipeline company’s stock valued at $1,042,000 after purchasing an additional 10,617 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Enbridge by 80.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 78,507 shares of the pipeline company’s stock worth $3,553,000 after purchasing an additional 34,912 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Up 0.8%

Enbridge stock opened at $56.84 on Friday. The firm has a market cap of $124.13 billion, a price-to-earnings ratio of 26.68 and a beta of 0.58. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.81 and a quick ratio of 0.73. Enbridge Inc has a fifty-two week low of $44.58 and a fifty-two week high of $58.45. The firm has a fifty day moving average price of $55.73 and a two-hundred day moving average price of $53.24.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $8.49 billion. During the same period last year, the business posted $1.03 earnings per share. As a group, analysts forecast that Enbridge Inc will post 2.13 earnings per share for the current year.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a yield of 6.8%. Enbridge’s dividend payout ratio (DPR) is 133.80%.

Analyst Ratings Changes

ENB has been the topic of several analyst reports. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Royal Bank Of Canada upped their price target on Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Scotiabank reissued an “outperform” rating on shares of Enbridge in a report on Tuesday. TD Securities reissued a “hold” rating on shares of Enbridge in a research note on Thursday, July 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.50.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.