Voya Investment Management LLC Acquires 402 Shares of Enbridge Inc (NYSE:ENB)

Voya Investment Management LLC increased its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,719 shares of the pipeline company’s stock after purchasing an additional 402 shares during the quarter. Voya Investment Management LLC’s holdings in Enbridge were worth $4,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Strategic Blueprint LLC purchased a new position in shares of Enbridge in the third quarter worth about $27,000. Vista Private Wealth Partners. LLC bought a new stake in shares of Enbridge in the 3rd quarter valued at about $33,000. Bridger Capital Management LLC bought a new stake in shares of Enbridge in the 3rd quarter valued at about $34,000. SRS Capital Advisors Inc. purchased a new stake in Enbridge during the 2nd quarter valued at about $35,000. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new stake in Enbridge during the 3rd quarter valued at about $35,000. Institutional investors own 53.77% of the company’s stock.

NYSE ENB opened at $38.51 on Friday. Enbridge Inc has a fifty-two week low of $28.82 and a fifty-two week high of $38.77. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.50 and a current ratio of 0.59. The stock has a 50 day simple moving average of $37.27 and a two-hundred day simple moving average of $35.60. The stock has a market cap of $77.94 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.86 and a beta of 0.61.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, November 8th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $11.65 billion. Enbridge had a return on equity of 8.31% and a net margin of 12.07%. During the same period in the previous year, the firm earned $0.55 earnings per share. Sell-side analysts predict that Enbridge Inc will post 2.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 15th were issued a $0.561 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.24 annualized dividend and a yield of 5.83%. This is a boost from Enbridge’s previous quarterly dividend of $0.56. Enbridge’s payout ratio is 108.78%.

A number of brokerages have commented on ENB. CIBC decreased their price target on Enbridge from $57.00 to $56.00 in a research note on Wednesday, October 23rd. Jefferies Financial Group started coverage on Enbridge in a research note on Thursday. They set a “hold” rating and a $54.00 price objective for the company. UBS Group upgraded shares of Enbridge from a “neutral” rating to a “buy” rating and raised their target price for the stock from $50.00 to $54.00 in a report on Monday, November 25th. ValuEngine upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, Evercore ISI reaffirmed a “hold” rating and issued a $48.00 target price on shares of Enbridge in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.88.

About Enbridge

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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