Diversify Advisory Services LLC lowered its stake in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 44.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,399 shares of the pipeline company's stock after selling 9,168 shares during the quarter. Diversify Advisory Services LLC's holdings in Enbridge were worth $532,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Garde Capital Inc. purchased a new stake in Enbridge in the 1st quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Enbridge in the 1st quarter worth $28,000. GeoWealth Management LLC increased its stake in shares of Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after acquiring an additional 611 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Enbridge by 91.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock worth $34,000 after purchasing an additional 365 shares during the period. Finally, Capital A Wealth Management LLC purchased a new position in shares of Enbridge during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 54.60% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on ENB. Raymond James Financial upgraded 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 objective on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Finally, Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. 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, the company presently has a consensus rating of "Hold" and a consensus target price of $67.00.
View Our Latest Report on Enbridge
Enbridge Stock Performance
Shares of NYSE:ENB opened at $45.07 on Friday. The firm has a market capitalization of $98.27 billion, a PE ratio of 23.23, a P/E/G ratio of 4.24 and a beta of 0.79. 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 two-hundred day moving average of $44.44. Enbridge Inc has a 12 month low of $36.32 and a 12 month high of $47.44.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $10.20 billion. During the same period in the prior year, the company posted $0.92 EPS. As a group, research analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current year.
Enbridge Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were given a dividend of $0.679 per share. 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 140.21%.
Enbridge Company Profile
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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.
See Also
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