Boothbay Fund Management LLC Purchases 29,712 Shares of Enbridge Inc. (NYSE:ENB)

Boothbay Fund Management LLC raised its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 50.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,020 shares of the pipeline company's stock after purchasing an additional 29,712 shares during the period. Boothbay Fund Management LLC's holdings in Enbridge were worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ENB. McIlrath & Eck LLC boosted its holdings in shares of Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after acquiring an additional 295 shares during the period. Albion Financial Group UT bought a new stake in Enbridge during the fourth quarter valued at $29,000. Wintrust Investments LLC boosted its stake in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after buying an additional 238 shares during the period. GeoWealth Management LLC boosted its stake in Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after buying an additional 611 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. boosted its stake in Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after buying an additional 580 shares during the period. 54.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

ENB has been the topic of a number of research reports. TD Securities initiated coverage on Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Raymond James upgraded Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada raised their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Citigroup assumed coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. Finally, CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Enbridge currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Stock Up 0.2 %

Enbridge stock traded up $0.07 on Wednesday, hitting $46.71. 2,610,709 shares of the stock traded hands, compared to its average volume of 4,220,659. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $101.83 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The business's fifty day simple moving average is $43.52 and its 200 day simple moving average is $43.04. Enbridge Inc. has a 1 year low of $34.60 and a 1 year high of $46.85.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the company earned $0.64 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be issued a $0.679 dividend. This represents a $2.72 annualized dividend and a yield of 5.81%. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, May 15th. Enbridge's dividend payout ratio (DPR) is presently 157.56%.

About Enbridge

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.