NBC Securities Inc. Increases Position in Enbridge Inc. (NYSE:ENB)

NBC Securities Inc. increased its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 123,872.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,637 shares of the pipeline company's stock after buying an additional 13,626 shares during the quarter. NBC Securities Inc.'s holdings in Enbridge were worth $604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wintrust Investments LLC boosted its stake in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the period. GeoWealth Management LLC raised its position in 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 purchasing an additional 611 shares during the period. Capital A Wealth Management LLC bought a new stake in Enbridge in the fourth quarter worth about $39,000. Hopwood Financial Services Inc. purchased a new position in Enbridge during the 4th quarter valued at $42,000. Finally, Vision Financial Markets LLC bought a new position in Enbridge in the 4th quarter worth about $47,000. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ENB has been the topic of a number of recent research reports. Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Citigroup assumed coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. Raymond James raised shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $67.00.

Enbridge Stock Down 0.8%

NYSE:ENB traded down $0.38 during midday trading on Friday, reaching $46.49. 2,653,356 shares of the stock traded hands, compared to its average volume of 4,033,791. The business has a 50-day moving average of $45.13 and a two-hundred day moving average of $43.85. The stock has a market capitalization of $101.35 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 3.92 and a beta of 0.81. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge Inc. has a 12-month low of $34.60 and a 12-month high of $47.44.

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 analysts' consensus estimates of $0.68 by $0.04. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter last year, the firm earned $0.92 EPS. On average, equities analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were issued a dividend of $0.679 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.72 annualized dividend and a dividend yield of 5.84%. This is an increase 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.