American National Registered Investment Advisor Inc. Holds Stake in Enbridge Inc (NYSE:ENB)

American National Registered Investment Advisor Inc. maintained its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,156 shares of the pipeline company’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Enbridge were worth $962,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Enbridge by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 195,023 shares of the pipeline company’s stock worth $8,214,000 after buying an additional 7,196 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Enbridge by 34.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,520 shares of the pipeline company’s stock worth $400,000 after buying an additional 2,447 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Enbridge by 153.9% in the fourth quarter. AQR Capital Management LLC now owns 59,011 shares of the pipeline company’s stock worth $2,486,000 after buying an additional 35,771 shares in the last quarter. Brookfield Asset Management Inc. increased its position in shares of Enbridge by 24,914.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 3,752,212 shares of the pipeline company’s stock worth $157,726,000 after buying an additional 3,737,212 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Enbridge by 10.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,255,150 shares of the pipeline company’s stock worth $95,012,000 after buying an additional 209,411 shares in the last quarter. Hedge funds and other institutional investors own 63.83% of the company’s stock.

Shares of Enbridge Inc (ENB) traded up 0.14% during mid-day trading on Friday, reaching $39.47. The company’s stock had a trading volume of 2,015,913 shares. The company has a market cap of $64.96 billion, a P/E ratio of 31.96 and a beta of 0.62. The company has a 50-day moving average of $40.65 and a 200-day moving average of $41.00. Enbridge Inc has a 12 month low of $37.37 and a 12 month high of $45.77.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Enbridge had a return on equity of 6.04% and a net margin of 5.28%. The company had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $8.81 billion. During the same quarter last year, the business earned $0.50 earnings per share. Equities research analysts forecast that Enbridge Inc will post $1.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.489 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a positive change from Enbridge’s previous quarterly dividend of $0.33. This represents a $1.96 annualized dividend and a yield of 4.96%. Enbridge’s dividend payout ratio (DPR) is 173.79%.

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A number of research analysts have recently issued reports on ENB shares. Morgan Stanley started coverage on Enbridge in a research note on Tuesday, May 2nd. They issued an “equal weight” rating and a $45.00 price objective on the stock. BidaskClub downgraded Enbridge from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research downgraded Enbridge from a “hold” rating to a “strong sell” rating in a research note on Monday, April 24th. Wolfe Research started coverage on Enbridge in a research note on Friday, May 12th. They set a “market perform” rating and a $43.00 price target on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Enbridge in a research note on Friday, June 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.00.

About Enbridge

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.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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