Cwm LLC trimmed its position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 28.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,094 shares of the pipeline company's stock after selling 12,166 shares during the quarter. Cwm LLC's holdings in Enbridge were worth $1,333,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Enbridge during the fourth quarter worth about $261,000. Whittier Trust Co. raised its holdings in Enbridge by 9.1% during the 4th quarter. Whittier Trust Co. now owns 13,372 shares of the pipeline company's stock worth $567,000 after buying an additional 1,111 shares during the period. Lee Danner & Bass Inc. acquired a new stake in Enbridge during the 4th quarter worth approximately $79,000. American Century Companies Inc. lifted its stake in Enbridge by 3.1% in the fourth quarter. American Century Companies Inc. now owns 223,023 shares of the pipeline company's stock valued at $9,466,000 after buying an additional 6,603 shares in the last quarter. Finally, Guardian Partners Inc. acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $34,745,000. Institutional investors and hedge funds own 54.60% of the company's stock.
Enbridge Price Performance
Shares of NYSE ENB opened at $45.07 on Monday. 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 business has a 50-day moving average of $45.37 and a 200-day moving average of $44.45. The stock has a market capitalization of $98.27 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 4.23 and a beta of 0.79. Enbridge Inc has a fifty-two week low of $36.32 and a fifty-two week high of $47.44.
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, beating analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. During the same period last year, the company earned $0.92 earnings per share. As a group, sell-side analysts predict that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.
Enbridge Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were paid a $0.679 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 6.03%. Enbridge's dividend payout ratio (DPR) is currently 139.69%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. Citigroup initiated coverage on Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. Finally, BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Enbridge currently has an average rating of "Hold" and a consensus price target of $67.00.
Check Out Our Latest Stock Analysis on ENB
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.
Further Reading
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