Cerity Partners LLC Acquires 12,758 Shares of Enbridge Inc (NYSE:ENB)

Cerity Partners LLC lifted its holdings in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,873 shares of the pipeline company's stock after purchasing an additional 12,758 shares during the quarter. Cerity Partners LLC's holdings in Enbridge were worth $10,186,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Garde Capital Inc. bought a new stake in Enbridge during the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. bought a new stake in Enbridge during the first quarter worth about $28,000. GeoWealth Management LLC boosted its position 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 purchasing an additional 611 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in Enbridge by 91.3% in the first quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock valued at $34,000 after purchasing an additional 365 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in shares of Enbridge during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Stock Performance

NYSE ENB opened at $45.21 on Tuesday. The stock has a market cap of $98.57 billion, a PE ratio of 23.30, a P/E/G ratio of 4.20 and a beta of 0.79. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. Enbridge Inc has a 52-week low of $35.68 and a 52-week high of $47.44. The firm has a 50-day moving average of $45.46 and a 200-day moving average of $44.38.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. The company had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. On average, sell-side analysts anticipate that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were issued a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.01%. This is a positive change 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 currently 139.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ENB shares. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Royal Bank Of Canada reissued an "outperform" rating and issued a $67.00 price objective on shares of Enbridge in a research report on Monday, May 12th. National Bankshares restated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Raymond James Financial raised Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $67.00.

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.

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