Comprehensive Money Management Services LLC Invests $425,000 in Enbridge Inc. (NYSE:ENB)

Comprehensive Money Management Services LLC purchased a new position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,017 shares of the pipeline company's stock, valued at approximately $425,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ENB. Wintrust Investments LLC increased its holdings in shares of Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of Enbridge by 436.4% in 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. Capital A Wealth Management LLC acquired a new position in shares of Enbridge in the fourth quarter valued at $39,000. Hopwood Financial Services Inc. acquired a new position in shares of Enbridge in the fourth quarter valued at $42,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Enbridge in the fourth quarter valued at $47,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $67.00.

Enbridge Price Performance

ENB traded up $0.65 on Friday, hitting $46.50. 4,106,198 shares of the stock were exchanged, compared to its average volume of 4,065,434. Enbridge Inc. has a 12 month low of $34.60 and a 12 month high of $47.08. The business has a 50-day moving average of $44.93 and a two-hundred day moving average of $43.73. 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 firm has a market capitalization of $101.37 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.92 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted 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. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. Sell-side analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be issued a $0.679 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.84%. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is 139.69%.

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.