186,372 Shares in Enbridge Inc $ENB Purchased by Trust Co. of Vermont

Trust Co. of Vermont acquired a new stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 186,372 shares of the pipeline company’s stock, valued at approximately $10,103,000.

Other large investors also recently bought and sold shares of the company. Retirement Planning Group LLC boosted its stake in Enbridge by 3.6% during the first quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company’s stock worth $290,000 after buying an additional 187 shares during the period. Bank & Trust Co increased its position in shares of Enbridge by 0.6% during the second quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company’s stock valued at $1,804,000 after acquiring an additional 193 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Enbridge by 0.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company’s stock valued at $1,710,000 after acquiring an additional 194 shares during the period. PFG Investments LLC raised its stake in shares of Enbridge by 0.9% in the 1st quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company’s stock valued at $1,202,000 after acquiring an additional 202 shares during the period. Finally, MIdWestOne Financial Group Inc. lifted its holdings in shares of Enbridge by 4.3% in the 4th quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock worth $235,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Down 0.5%

Shares of ENB stock opened at $50.63 on Tuesday. Enbridge Inc has a fifty-two week low of $45.03 and a fifty-two week high of $58.45. The company has a 50 day moving average price of $54.57 and a 200 day moving average price of $53.97. The stock has a market capitalization of $110.58 billion, a P/E ratio of 27.07 and a beta of 0.58. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.66 and a current ratio of 0.72.

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

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Friday, August 14th. Enbridge’s payout ratio is presently 147.06%.

Wall Street Analyst Weigh In

ENB has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a research note on Friday, May 22nd. Wolfe Research set a $50.00 price objective on Enbridge in a research note on Tuesday, August 4th. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, TD Securities reissued a “hold” rating on shares of Enbridge in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.00.

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.