KCM Investment Advisors LLC Sells 681 Shares of Enbridge Inc. (NYSE:ENB) (2024)

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KCM Investment Advisors LLC Sells 681 Shares of Enbridge Inc. (NYSE:ENB)? ›

KCM Investment Advisors LLC Sells 681 Shares of Enbridge Inc. (NYSE:ENB) KCM Investment Advisors LLC trimmed its position in shares of Enbridge Inc. (NYSE:ENB – Free Report) (TSE:ENB) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Enbridge Inc's analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 Wall Streets Analysts.

While the weakness in the energy market likely put some downward pressure on Enbridge's stock price, that wasn't the main factor driving its decline. Shares took a notable step back in September after the company revealed it was acquiring three natural gas utilities from Dominion for $14 billion.

The ownership structure of Enbridge (ENB) stock is a mix of institutional, retail and individual investors. Approximately 16.18% of the company's stock is owned by Institutional Investors, 0.48% is owned by Insiders and 83.34% is owned by Public Companies and Individual Investors.

To this end, Enbridge (TSX:ENB) can be a terrific investment to consider for your self-directed portfolio. The stock offers significant growth potential through long-term capital gains and high-yielding dividends.

Enbridge Inc. is a Canadian multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids, and also generates renewable energy.

It operates a diverse set of businesses including oil and gas pipelines, utilities, renewable power plants, and a whole host of other assets. That said, despite the diversity of its asset base, at its core Enbridge is an oil pipeline company, which is how it makes most of its money.

Enbridge Inc quote is equal to 36.720 USD at 2024-07-22. Based on our forecasts, a long-term increase is expected, the "ENB" stock price prognosis for 2029-07-18 is 38.761 USD. With a 5-year investment, the revenue is expected to be around +5.56%. Your current $100 investment may be up to $105.56 in 2029.

Analysts tracking ENB stock expect adjusted earnings to grow by 7% year over year to $3 in 2024. So, priced at 16 times forward earnings, the TSX dividend stock is quite cheap and trades at a 12% discount to consensus price target estimates.

Is ENB dividend safe? ›

Enbridge's low-risk business model puts its dividend on a very strong foundation. It has the financial flexibility to invest in growing its business while steadily increasing its payout.

Enbridge has a total shareholder equity of CA$67.3B and total debt of CA$87.7B, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are CA$190.7B and CA$123.4B respectively. Enbridge's EBIT is CA$9.3B making its interest coverage ratio 2.4.

Regular payouts for ENB are paid quarterly.

Enbridge Inc. is headquartered in Calgary, Canada. We have a workforce of more than 12,000 people, primarily in the United States and Canada. Enbridge (ENB) is traded on the New York and Toronto stock exchanges.

Enbridge Inc. is considered to be “a qualified foreign corporation” and the dividends paid on its common shares are considered to be “qualified dividends” as those terms are defined in the U.S. Internal Revenue Code”.

Who are our stakeholders? Our stakeholders include the individuals and groups who live or work near—or who can impact or are impacted by—our pipelines, power lines, operations and facilities.

Enbridge is primarily regulated in Canada by the federal Canada Energy Regulator (CER), with certain assets also regulated by the Alberta Energy Regulator (AER).

Duke Energy Corporation did not retain any equity ownership interests in Spectra Energy Corp (now Enbridge Inc.) in connection with its spin-off of Spectra Energy Corp on January 2, 2007.

Enbridge Inc long term debt for 2022 was $56.105B, a 3.46% increase from 2021. Enbridge Inc long term debt for 2021 was $54.226B, a 15.63% increase from 2020.