Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 17.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,640 shares of the pipeline company’s stock after buying an additional 14,689 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Enbridge were worth $3,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of ENB. Millennium Management LLC purchased a new stake in shares of Enbridge during the 4th quarter worth about $2,231,000. Argent Trust Co raised its position in shares of Enbridge by 49.7% in the 4th quarter. Argent Trust Co now owns 19,244 shares of the pipeline company’s stock valued at $752,000 after purchasing an additional 6,388 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Enbridge by 32.9% in the 1st quarter. Global X Management Co. LLC now owns 1,140,692 shares of the pipeline company’s stock valued at $35,898,000 after purchasing an additional 282,153 shares in the last quarter. Lincluden Management Ltd. raised its position in shares of Enbridge by 33.4% in the 1st quarter. Lincluden Management Ltd. now owns 1,488,955 shares of the pipeline company’s stock valued at $46,796,000 after purchasing an additional 372,890 shares in the last quarter. Finally, FDx Advisors Inc. raised its position in shares of Enbridge by 16.9% during the 1st quarter. FDx Advisors Inc. now owns 138,473 shares of the pipeline company’s stock valued at $4,357,000 after acquiring an additional 20,012 shares in the last quarter. Hedge funds and other institutional investors own 60.17% of the company’s stock.

Shares of NYSE ENB opened at $34.90 on Friday. Enbridge Inc has a 1-year low of $29.00 and a 1-year high of $42.10. The company has a current ratio of 0.56, a quick ratio of 0.47 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $61.55 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 2.01 and a beta of 0.61.

The business also recently announced a dividend, which will be paid on Saturday, September 1st. Shareholders of record on Wednesday, August 15th will be given a $0.516 dividend. The ex-dividend date is Tuesday, August 14th. This is a positive change from Enbridge’s previous dividend of $0.33. Enbridge’s dividend payout ratio (DPR) is currently 133.77%.

ENB has been the topic of several analyst reports. Bank of America raised Enbridge from a “neutral” rating to a “buy” rating in a research report on Friday. ValuEngine lowered Enbridge from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Morgan Stanley increased their target price on Enbridge from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Friday, July 13th. BMO Capital Markets dropped their target price on Enbridge from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, June 14th. Finally, CIBC lowered Enbridge to a “buy” rating and set a $57.00 target price on the stock. in a research report on Tuesday, May 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $51.75.

Enbridge Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in 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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