Vise Technologies Inc. Has $6.36 Million Stock Position in Enbridge Inc $ENB

Vise Technologies Inc. boosted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 101.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,275 shares of the pipeline company’s stock after purchasing an additional 59,158 shares during the quarter. Vise Technologies Inc.’s holdings in Enbridge were worth $6,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new position in Enbridge in the second quarter valued at approximately $1,850,502,000. Norges Bank acquired a new stake in Enbridge during the 4th quarter worth $1,195,559,000. Ontario Teachers Pension Plan Board acquired a new stake in Enbridge during the 2nd quarter worth $467,782,000. Auto Owners Insurance Co lifted its holdings in Enbridge by 4,683.0% during the fourth quarter. Auto Owners Insurance Co now owns 8,566,831 shares of the pipeline company’s stock worth $40,975,000 after acquiring an additional 8,387,721 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Enbridge during the second quarter worth about $412,627,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on ENB. TD Securities reissued a “hold” rating on shares of Enbridge in a research note on Thursday, July 16th. Royal Bank Of Canada raised their price target on Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Wolfe Research set a $50.00 target price on Enbridge in a research note on Tuesday, August 4th. Finally, Scotiabank restated an “outperform” rating on shares of Enbridge in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Enbridge presently has a consensus rating of “Hold” and an average price target of $67.00.

Enbridge Price Performance

Shares of NYSE ENB opened at $51.07 on Friday. The firm has a market cap of $111.54 billion, a PE ratio of 27.31 and a beta of 0.58. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69. Enbridge Inc has a 1-year low of $45.03 and a 1-year high of $58.45. The company has a fifty day moving average price of $54.26 and a 200 day moving average price of $54.02.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.The firm had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $8.67 billion. During the same quarter last year, the business posted $0.65 EPS. Research analysts predict that Enbridge Inc will post 2.11 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.6%. Enbridge’s dividend payout ratio (DPR) is presently 147.06%.

Enbridge Company Profile

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.