NBT Bank N A NY Has $427,000 Holdings in Enbridge Inc $ENB

NBT Bank N A NY decreased its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,418 shares of the pipeline company’s stock after selling 281 shares during the quarter. NBT Bank N A NY’s holdings in Enbridge were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ENB. Capital Investment Counsel Inc raised its holdings in shares of Enbridge by 3.1% during the first quarter. Capital Investment Counsel Inc now owns 7,527 shares of the pipeline company’s stock valued at $333,000 after acquiring an additional 223 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Enbridge by 0.7% during the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 34,326 shares of the pipeline company’s stock valued at $1,526,000 after acquiring an additional 226 shares in the last quarter. Loudon Investment Management LLC raised its holdings in shares of Enbridge by 1.1% during the first quarter. Loudon Investment Management LLC now owns 21,201 shares of the pipeline company’s stock valued at $939,000 after acquiring an additional 240 shares in the last quarter. Key Client Fiduciary Advisors LLC raised its holdings in shares of Enbridge by 1.7% during the second quarter. Key Client Fiduciary Advisors LLC now owns 14,606 shares of the pipeline company’s stock valued at $662,000 after acquiring an additional 242 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC raised its holdings in shares of Enbridge by 4.8% during the first quarter. Sound View Wealth Advisors Group LLC now owns 5,304 shares of the pipeline company’s stock valued at $235,000 after acquiring an additional 243 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

Shares of NYSE:ENB opened at $48.01 on Friday. Enbridge Inc has a 1-year low of $39.73 and a 1-year high of $50.54. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.65. The business has a fifty day moving average price of $48.38 and a 200-day moving average price of $46.23. The company has a market capitalization of $104.70 billion, a PE ratio of 23.65, a PEG ratio of 4.49 and a beta of 0.78.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. Enbridge had a return on equity of 10.77% and a net margin of 10.11%.The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $10.56 billion. During the same period last year, the company earned $0.58 earnings per share. As a group, equities analysts expect that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 15th were issued a dividend of $0.6839 per share. The ex-dividend date was Friday, August 15th. This is a boost from Enbridge’s previous quarterly dividend of $0.68. This represents a $2.74 annualized dividend and a dividend yield of 5.7%. Enbridge’s dividend payout ratio is 134.98%.

Wall Street Analyst Weigh In

ENB has been the subject of a number of recent analyst reports. Argus upped their target price on Enbridge from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a report on Wednesday. Finally, Zacks Research downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.50.

Enbridge 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.