Checchi Capital Advisers LLC boosted its position in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 53.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,155 shares of the pipeline company's stock after purchasing an additional 6,321 shares during the period. Checchi Capital Advisers LLC's holdings in Enbridge were worth $804,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Garde Capital Inc. acquired a new position in shares of Enbridge in the 1st quarter valued at about $26,000. Wintrust Investments LLC raised its holdings in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares during the last quarter. GeoWealth Management LLC raised its holdings in Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after buying an additional 611 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Enbridge by 91.3% in the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock worth $34,000 after acquiring an additional 365 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Enbridge in the 4th quarter worth about $39,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have issued reports on ENB shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Citigroup started coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, National Bankshares reissued a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Enbridge has an average rating of "Hold" and an average target price of $67.00.
Check Out Our Latest Stock Analysis on ENB
Enbridge Price Performance
ENB stock opened at $44.76 on Friday. The firm's 50-day moving average price is $45.76 and its two-hundred day moving average price is $44.20. Enbridge Inc has a 12-month low of $35.10 and a 12-month high of $47.44. The stock has a market capitalization of $97.58 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 4.22 and a beta of 0.79. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data 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 analysts' expectations of $10.20 billion. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. During the same quarter last year, the business posted $0.92 EPS. As a group, equities analysts predict that Enbridge Inc will post 2.14 earnings per share for the current year.
Enbridge Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were paid a $0.679 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio is currently 140.21%.
About Enbridge
(
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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