Enbridge Inc (NYSE:ENB) Shares Sold by Creekmur Asset Management LLC

Creekmur Asset Management LLC lowered its position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 37.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 37,159 shares of the pipeline company's stock after selling 22,525 shares during the quarter. Creekmur Asset Management LLC's holdings in Enbridge were worth $1,646,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ENB. Jennison Associates LLC boosted its position in shares of Enbridge by 11.6% in the first quarter. Jennison Associates LLC now owns 1,115,434 shares of the pipeline company's stock worth $49,386,000 after buying an additional 116,076 shares during the period. Forte Capital LLC ADV lifted its position in Enbridge by 6.4% during the 1st quarter. Forte Capital LLC ADV now owns 52,728 shares of the pipeline company's stock worth $2,336,000 after acquiring an additional 3,167 shares in the last quarter. Graypoint LLC purchased a new position in Enbridge in the 1st quarter worth approximately $358,000. Triasima Portfolio Management inc. boosted its holdings in Enbridge by 72.5% in the 1st quarter. Triasima Portfolio Management inc. now owns 229,066 shares of the pipeline company's stock worth $10,137,000 after acquiring an additional 96,255 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in Enbridge by 62.1% in the first quarter. Cullen Frost Bankers Inc. now owns 1,621 shares of the pipeline company's stock valued at $72,000 after acquiring an additional 621 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ENB. Citigroup assumed coverage on shares of Enbridge in a research report on Friday, April 4th. They set a "buy" rating on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $67.00 price objective on shares of Enbridge in a report on Monday, May 12th. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. National Bankshares restated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Finally, Wall Street Zen upgraded Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $67.00.

Enbridge Stock Up 0.7%

ENB traded up $0.31 during trading on Friday, hitting $45.07. The company had a trading volume of 2,634,204 shares, compared to its average volume of 3,962,980. Enbridge Inc has a 1-year low of $36.07 and a 1-year high of $47.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. The company has a market cap of $98.27 billion, a PE ratio of 23.23, a P/E/G ratio of 4.21 and a beta of 0.79. The business has a 50-day moving average of $45.39 and a 200-day moving average of $44.41.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its 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. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. The company had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $10.20 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were issued a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date was Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is currently 140.21%.

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.