Bramshill Investments LLC lowered its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,725 shares of the pipeline company's stock after selling 6,902 shares during the quarter. Bramshill Investments LLC's holdings in Enbridge were worth $879,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new stake in Enbridge during the 4th quarter worth about $403,000. Brown Advisory Inc. grew its stake in shares of Enbridge by 1.3% during the fourth quarter. Brown Advisory Inc. now owns 273,516 shares of the pipeline company's stock valued at $11,605,000 after purchasing an additional 3,599 shares during the last quarter. Baird Financial Group Inc. raised its position in Enbridge by 2.1% in the 4th quarter. Baird Financial Group Inc. now owns 187,933 shares of the pipeline company's stock worth $7,974,000 after purchasing an additional 3,887 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Enbridge during the 4th quarter worth $2,321,000. Finally, Bearing Point Capital LLC bought a new position in Enbridge in the 4th quarter valued at $1,807,000. 54.60% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. CIBC reissued an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. TD Securities initiated coverage on Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Raymond James raised Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Citigroup started coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada upped their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Enbridge presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.
Get Our Latest Stock Report on Enbridge
Enbridge Stock Up 0.7 %
ENB traded up $0.32 during trading on Friday, reaching $46.10. The company had a trading volume of 4,541,922 shares, compared to its average volume of 4,152,957. The company has a market cap of $100.50 billion, a P/E ratio of 26.80, a PEG ratio of 3.92 and a beta of 0.84. Enbridge Inc. has a 12 month low of $34.60 and a 12 month high of $47.08. 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 business's fifty day moving average price is $44.15 and its 200 day moving average price is $43.27.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the firm posted $0.64 EPS. Equities analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current year.
Enbridge Increases Dividend
The company also recently announced 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. This represents a $2.72 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Thursday, May 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is currently 157.56%.
Enbridge Company Profile
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Free Report)
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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