Capital Advisors Inc. OK Buys 168,130 Shares of Enbridge Inc (NYSE:ENB)

Capital Advisors Inc. OK lifted its stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 23.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 878,476 shares of the pipeline company's stock after buying an additional 168,130 shares during the period. Capital Advisors Inc. OK's holdings in Enbridge were worth $38,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Garde Capital Inc. bought a new stake in Enbridge during the first quarter worth $26,000. Wintrust Investments LLC grew 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 acquiring an additional 238 shares during the period. GeoWealth Management LLC grew its holdings in Enbridge by 436.4% during the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after acquiring an additional 611 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of Enbridge by 91.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock worth $34,000 after purchasing an additional 365 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new position in shares of Enbridge during the 4th quarter worth about $39,000. 54.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Royal Bank Of Canada restated an "outperform" rating and set a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Finally, Citigroup began coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a "buy" rating for the company. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $67.00.

Enbridge Price Performance

NYSE:ENB traded down $0.09 during midday trading on Tuesday, hitting $44.06. The company had a trading volume of 627,787 shares, compared to its average volume of 3,939,636. Enbridge Inc has a 52-week low of $35.10 and a 52-week high of $47.44. The stock's fifty day moving average price is $45.68 and its 200-day moving average price is $44.29. The company has a market capitalization of $96.07 billion, a PE ratio of 22.68, a P/E/G ratio of 4.22 and a beta of 0.79. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 1.51.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, research analysts expect 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 was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were paid a dividend of $0.679 per share. This represents a $2.72 annualized dividend and a dividend yield of 6.16%. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio is 139.69%.

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.