Copperleaf Capital LLC Purchases Shares of 5,396 Enbridge Inc $ENB

Copperleaf Capital LLC purchased a new stake in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,396 shares of the pipeline company's stock, valued at approximately $239,000.

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Several other institutional investors have also added to or reduced their stakes in ENB. Dagco Inc. purchased a new position in Enbridge during the 1st quarter valued at approximately $25,000. Garde Capital Inc. purchased a new position in Enbridge during the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. purchased a new position in Enbridge during the 1st quarter valued at approximately $28,000. Accent Capital Management LLC purchased a new position in Enbridge during the 1st quarter valued at approximately $30,000. Finally, Wolff Wiese Magana LLC grew its holdings in Enbridge by 91.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock valued at $34,000 after buying an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Price Performance

ENB opened at $48.32 on Thursday. Enbridge Inc has a 12-month low of $39.73 and a 12-month high of $48.59. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 1.58. The business's fifty day simple moving average is $46.14 and its 200-day simple moving average is $45.05. The company has a market capitalization of $105.35 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 4.42 and a beta of 0.80.

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Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, August 1st. The pipeline company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. The firm had revenue of $7.14 billion during the quarter, compared to analyst estimates of $10.56 billion. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.During the same period in the previous year, the company posted $0.58 EPS. On average, equities research analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 15th were paid a dividend of $0.6839 per share. This is a positive change from Enbridge's previous quarterly dividend of $0.68. The ex-dividend date was Friday, August 15th. This represents a $2.74 annualized dividend and a yield of 5.7%. Enbridge's dividend payout ratio (DPR) is presently 134.98%.

Wall Street Analyst Weigh In

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ENB has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $67.00 price objective on shares of Enbridge in a research note on Monday, May 12th. Argus raised their price objective on Enbridge from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Jefferies Financial Group raised Enbridge from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered Enbridge from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Finally, National Bankshares reissued a "sector perform" rating on shares of Enbridge in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $60.50.

Check Out Our Latest Research Report on ENB

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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