Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,982 shares of the pipeline company's stock after purchasing an additional 10,807 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Enbridge were worth $16,475,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Garde Capital Inc. acquired a new stake in Enbridge during the first quarter worth $26,000. Wintrust Investments LLC boosted its holdings in 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 period. GeoWealth Management LLC boosted its holdings in 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 period. Wolff Wiese Magana LLC boosted its holdings in Enbridge by 91.3% in the first quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock valued at $34,000 after purchasing an additional 365 shares during the period. Finally, Capital A Wealth Management LLC purchased a new stake in Enbridge during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 54.60% of the company's stock.
Analysts Set New Price Targets
ENB has been the topic of a number of research analyst reports. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Citigroup started coverage on Enbridge in a research report on Friday, April 4th. They set a "buy" rating on the stock. Wall Street Zen upgraded Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a report on Monday, May 12th. Finally, Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $67.00.
Check Out Our Latest Report on ENB
Enbridge Stock Down 1.2%
Shares of Enbridge stock traded down $0.53 on Wednesday, hitting $44.51. 3,699,015 shares of the company traded hands, compared to its average volume of 3,961,475. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 1.51. Enbridge Inc has a 12-month low of $34.71 and a 12-month high of $47.44. The company has a 50-day moving average price of $45.83 and a 200 day moving average price of $44.08. The company has a market cap of $97.05 billion, a PE ratio of 22.94, a PEG ratio of 4.24 and a beta of 0.81.
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 (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same quarter in the previous year, the firm posted $0.92 EPS. Sell-side analysts predict that Enbridge Inc will post 2.14 earnings per share for the current 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 given a dividend of $0.679 per share. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. This represents a $2.72 annualized dividend and a dividend yield of 6.10%. Enbridge's dividend payout ratio is currently 140.21%.
Enbridge Profile
(
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.
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