JPMorgan Chase & Co. increased its stake in Enbridge Inc by 10.5%, now owning approximately 17.64 million shares worth $781.79 million following a recent 13F filing. Enbridge has announced a quarterly dividend of $0.6839 per share, reflecting a 5.8% yield and a slight increase from the previous dividend of $0.68. In its latest earnings report, Enbridge exceeded earnings expectations with $0.47 earnings per share, while its revenue was $7.14 billion, below analyst estimates of $10.56 billion. The company has a 12-month low of $38.44 and a 12-month high of $47.44. Enbridge's quick ratio is 0.65, current ratio is 0.75, and debt-to-equity ratio is 1.58. The company has a market cap of $102.55 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 4.32, and a beta of 0.79. The 50-day moving average is $45.48 and the 200-day moving average is $44.63. Enbridge last released its earnings results on August 1st, reporting $0.47 EPS, topping estimates of $0.41 by $0.06. The company had a net margin of 10.11% and a return on equity of 10.77%. Revenue was $7.14 billion, compared to the consensus estimate of $10.56 billion. For the current fiscal year, analysts anticipate 2.14 earnings per share. Enbridge also announced a quarterly dividend of $0.6839, payable on September 1st, with the record date on August 15th. This represents a $2.74 annualized dividend and a 5.8% yield, an improvement from the previous $0.68 quarterly dividend. The payout ratio is currently 133.99%. Wall Street analysts have weighed in on ENB shares: Raymond James Financial raised the rating to 'moderate buy,' National Bankshares restated a 'sector perform' rating, Royal Bank of Canada restated an 'outperform' rating with a $67.00 price target, and Jefferies Financial Group upgraded the rating from 'hold' to 'buy.' Five analysts have given a 'hold' rating and five have given a 'buy' rating, with an average rating of 'Moderate Buy' and a consensus target price of $67.00. Other institutional investors also made changes: Garde Capital Inc. acquired a stake valued at $26,000, Financial Gravity Asset Management Inc. acquired $28,000, Accent Capital Management LLC acquired $30,000, GeoWealth Management LLC increased its stake by 436.4% to 751 shares valued at $32,000, and Wolff Wiese Magana LLC increased its stake by 91.3% to 765 shares valued at $34,000. 54.60% of the stock is owned by institutional investors and hedge funds. Enbridge Inc operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment transports various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

Enbridge Inc (NYSE:ENB) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. has increased its stake in Enbridge Inc by 10.5%, now holding approximately 17.64 million shares valued at $781.79 million, following a recent 13F filing. Enbridge reported quarterly earnings of $0.47 per share, exceeding expectations, with revenue of $7.14 billion, slightly below analyst estimates. The company announced a quarterly dividend of $0.6839, resulting in a 5.8% yield and an annualized dividend of $2.74, up from the previous $0.68. Enbridge's market capitalization is $102.55 billion, with a price-to-earnings ratio of 23.17 and a payout ratio of 133.99%. Wall Street analysts have upgraded Enbridge's stock, with Raymond James Financial, Royal Bank of Canada, and Jefferies Financial Group adjusting their ratings to 'moderate buy' or 'outperform' and setting a consensus target price of $67.00. Institutional investors including Garde Capital, Financial Gravity, Accent Capital, GeoWealth, and Wolff Wiese Magana also made notable stake changes. Enbridge operates in five segments, including Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services, primarily in Canada and the United States.