Guardian Capital LP Has $259.25 Million Holdings In Enbridge Inc (ENB)
Guardian Capital LP raised its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 2.Zero% in the third quarter, in accordance with the company in its most current disclosure with the Securities & Alternate Fee. The institutional investor owned 6,222,855 shares of the pipeline company’s inventory after buying a further 122,050 shares throughout the interval. Enbridge makes up roughly three.8% of Guardian Capital LP’s holdings, making the stock its 6th greatest holding. Guardian Capital LP owned zero.38% of Enbridge value $259,248,000 at the top of the latest quarter.
A variety of different institutional investors and hedge funds have also recently made modifications to their positions in ENB. First Personal Monetary Providers boosted its stake in Enbridge by 16.4% in the second quarter. First Personal Monetary Services now owns 2,825 shares of the pipeline company’s stock valued at $112,000 after buying a further 397 shares within the last quarter. Spectrum Management Group Inc. bought a brand new place in shares of Enbridge in the third quarter price $113,000. Welch Group LLC purchased a new position in shares of Enbridge within the second quarter worth $121,000. Valeo Monetary Advisors LLC bought a brand new place in shares of Enbridge in the third quarter value $146,000. Finally, Patten Group Inc. raised its holdings in shares of Enbridge by 333.2% in the third quarter. Patten Group Inc. now owns 15,752 shares of the pipeline company’s stock price $152,000 after shopping for a further 12,116 shares in the course of the final quarter. Institutional traders personal 62.18% of the company’s inventory.
Enbridge Inc (ENB) opened at $38.37 on Wednesday. The corporate has a current ratio of 0.Sixty four, a quick ratio of 0.50 and a debt-to-equity ratio of 1.06. Enbridge Inc has a fifty-two week low of $34.39 and a fifty-two week excessive of $44.51. The inventory has a market cap of $63,748.17, a worth-to-earnings ratio of 25.03, a P/E/G ratio of 2.68 and a beta of zero.64.
Enbridge (NYSE:ENB) (TSE:ENB) final issued its earnings outcomes on Thursday, November 2nd. The pipeline firm reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $zero.36 by $0.03. Enbridge had a net margin of 7.49% and a return on fairness of 5.62%. The firm had revenue of $9.23 billion in the course of the quarter, in comparison with analysts’ expectations of $eight.54 billion. During the identical quarter final 12 months, the corporate posted $zero.Forty seven earnings per share. analysts forecast that Enbridge Inc will put up 1.Fifty five EPS for the current yr.
The agency also lately introduced a quarterly dividend, which shall be paid on Thursday, March 1st. Investors of report on Thursday, February fifteenth can be issued a dividend of $zero.5278 per share. This represents a $2.11 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this petrochemical industry journals dividend is Wednesday, February 14th. That is a boost from Enbridge’s previous quarterly dividend of $zero.47. Enbridge’s dividend payout ratio (DPR) is a hundred and twenty.76%.
ENB has been the subject of a number of analysis analyst experiences. BidaskClub raised shares of Enbridge from a “strong sell” rating to a “sell” rating in a report on Friday, August twenty fifth. GMP Securities minimize shares of Enbridge from a “buy” score to a “hold” rating in a report on Tuesday, October seventeenth. Zacks Funding Research cut shares of Enbridge from a “hold” rating to a “sell” score in a report on Tuesday, petroleum equipment suppliers October 31st. Morgan Stanley decreased their price target on shares of Enbridge from $43.00 to $41.00 and set an “equal weight” rating for the corporate in a report on Friday, November seventeenth. Lastly, Canaccord Genuity reaffirmed a “buy” rating and issued a $54.00 value goal on shares of Enbridge in a report on Thursday, November 30th. One research analyst has rated the inventory with a promote score, seven have assigned a hold rating and two have assigned a purchase ranking to the inventory. The inventory has a consensus rating of “Hold” and a consensus target worth of $52.00. The authorized model of this story may be learn at https://www.dispatchtribunal.com/2017/12/13/guardian-capital-lp-has-259-25-million-holdings-in-enbridge-inc-enb.html.
Enbridge Inc is a Canada-based energy transportation and distribution company. The company is engaged in delivering vitality. It operates by way of five segments: Liquids Pipelines, Gas Distribution, Fuel Pipelines and Processing, Green Energy and Transmission, and Energy Companies. Liquids Pipelines consists of frequent service and contract crude oil, pure gas liquids (NGL), and refined merchandise pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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