Bearing Point Capital LLC Makes New Investment in Enbridge Inc. (NYSE:ENB)

Bearing Point Capital LLC purchased a new position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 42,580 shares of the pipeline company's stock, valued at approximately $1,807,000.

Several other institutional investors and hedge funds have also modified their holdings of ENB. apricus wealth LLC boosted its position in Enbridge by 1.1% in the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after buying an additional 220 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Enbridge by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock worth $1,252,000 after acquiring an additional 227 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Enbridge by 3.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock valued at $319,000 after purchasing an additional 230 shares in the last quarter. Wintrust Investments LLC increased its holdings in Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position in shares of Enbridge by 10.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock valued at $106,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENB. Citigroup started coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a "buy" rating for the company. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada lifted their target price on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, Raymond James raised Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Stock Performance

Shares of NYSE ENB opened at $46.86 on Friday. The stock has a market capitalization of $102.16 billion, a P/E ratio of 27.24, a P/E/G ratio of 3.92 and a beta of 0.80. The firm's 50-day moving average price is $43.82 and its two-hundred day moving average price is $43.15. Enbridge Inc. has a 52-week low of $34.60 and a 52-week high of $47.08. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, sell-side analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be given a $0.679 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.80%. Enbridge's dividend payout ratio (DPR) is currently 157.56%.

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.

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