Kovitz Investment Group Partners LLC Sells 19,257 Shares of Enbridge Inc. (NYSE:ENB)

Kovitz Investment Group Partners LLC trimmed its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 71.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,740 shares of the pipeline company's stock after selling 19,257 shares during the period. Kovitz Investment Group Partners LLC's holdings in Enbridge were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Metis Global Partners LLC increased its stake in shares of Enbridge by 4.0% in the 4th quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock valued at $8,782,000 after buying an additional 7,986 shares during the period. Aviso Financial Inc. increased its position in Enbridge by 4.3% in the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after purchasing an additional 58,176 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Enbridge by 70.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock worth $52,648,000 after purchasing an additional 536,818 shares during the last quarter. Vanguard Group Inc. lifted its position in Enbridge by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in shares of Enbridge by 8.6% in the 4th quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock valued at $26,808,000 after purchasing an additional 49,800 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

Analyst Ratings Changes

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

Enbridge Trading Up 0.8 %

Shares of Enbridge stock traded up $0.38 during trading hours on Friday, hitting $46.86. The company's stock had a trading volume of 3,024,607 shares, compared to its average volume of 4,178,854. The company has a market capitalization of $102.16 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The stock has a 50 day moving average of $43.82 and a 200 day moving average of $43.14. Enbridge Inc. has a 12 month low of $34.60 and a 12 month high of $47.08.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analysts' expectations 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 prior year, the company earned $0.64 EPS. Analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

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

Enbridge Company 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.