Enbridge Inc (NYSE:ENB) Shares Sold by Kidder Stephen W

Kidder Stephen W decreased its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 47.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,346 shares of the pipeline company’s stock after selling 14,941 shares during the period. Kidder Stephen W’s holdings in Enbridge were worth $650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENB. Bank of America Corp DE boosted its position in Enbridge by 1,072.3% in the first quarter. Bank of America Corp DE now owns 30,748,683 shares of the pipeline company’s stock worth $1,286,524,000 after buying an additional 28,125,698 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Enbridge by 82.9% in the first quarter. Vanguard Group Inc. now owns 38,983,086 shares of the pipeline company’s stock worth $1,631,051,000 after buying an additional 17,671,076 shares during the period. Bank of Montreal Can raised its stake in shares of Enbridge by 72.4% in the first quarter. Bank of Montreal Can now owns 38,965,561 shares of the pipeline company’s stock worth $1,630,318,000 after buying an additional 16,369,985 shares during the period. State Street Corp bought a new stake in shares of Enbridge during the first quarter worth about $478,509,000. Finally, TD Asset Management Inc. raised its stake in shares of Enbridge by 28.2% in the first quarter. TD Asset Management Inc. now owns 41,491,668 shares of the pipeline company’s stock worth $1,733,219,000 after buying an additional 9,123,400 shares during the period. 63.37% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Inc (ENB) opened at 39.42 on Friday. Enbridge Inc has a one year low of $37.37 and a one year high of $45.77. The stock has a 50 day moving average price of $40.59 and a 200-day moving average price of $40.82. The firm has a market cap of $64.88 billion, a P/E ratio of 31.92 and a beta of 0.62.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.05. The firm had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.81 billion. Enbridge had a return on equity of 6.04% and a net margin of 5.28%. During the same quarter in the previous year, the company posted $0.50 EPS. Analysts predict that Enbridge Inc will post $1.58 EPS for the current fiscal year.

The company also recently declared 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 is Friday, August 11th. This represents a $1.96 annualized dividend and a yield of 4.96%. This is a positive change from Enbridge’s previous quarterly dividend of $0.33. Enbridge’s dividend payout ratio is presently 190.29%.

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ENB has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Enbridge from a “hold” rating to a “strong sell” rating in a research note on Monday, April 24th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Enbridge in a research note on Friday, June 23rd. Morgan Stanley assumed coverage on shares of Enbridge in a research note on Tuesday, May 2nd. They set an “equal weight” rating and a $45.00 target price for the company. BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Wolfe Research assumed coverage on shares of Enbridge in a research report on Friday, May 12th. They set a “market perform” rating and a $43.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Enbridge has a consensus rating of “Hold” and a consensus target price of $54.00.

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.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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