Enbridge Inc (NYSE:ENB) is Columbus Macro LLC's 8th Largest Position

Columbus Macro LLC decreased its holdings in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 259,626 shares of the pipeline company's stock after selling 16,003 shares during the quarter. Enbridge accounts for about 1.5% of Columbus Macro LLC's holdings, making the stock its 8th biggest holding. Columbus Macro LLC's holdings in Enbridge were worth $11,495,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wintrust Investments LLC increased its position in shares of Enbridge by 47.8% in the 4th 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 last quarter. GeoWealth Management LLC increased 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 buying an additional 611 shares during the last quarter. Capital A Wealth Management LLC acquired a new stake in Enbridge in the fourth quarter valued at $39,000. Hopwood Financial Services Inc. purchased a new stake in Enbridge during the 4th quarter worth about $42,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Enbridge by 731.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,023 shares of the pipeline company's stock worth $45,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Analysts Set New Price Targets

ENB has been the topic of several research analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $67.00 target price on shares of Enbridge in a research report on Monday, May 12th. CIBC restated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. National Bankshares restated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Enbridge currently has a consensus rating of "Hold" and an average target price of $67.00.

Enbridge Stock Performance

Shares of Enbridge stock traded up $0.00 during trading on Tuesday, reaching $45.96. The company's stock had a trading volume of 2,512,585 shares, compared to its average volume of 3,995,624. The company has a 50-day moving average price of $45.55 and a two-hundred day moving average price of $44.01. Enbridge Inc has a fifty-two week low of $34.60 and a fifty-two week high of $47.44. The firm has a market cap of $100.21 billion, a PE ratio of 23.69, a P/E/G ratio of 4.33 and a beta of 0.81. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51.

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 for the quarter, beating the consensus estimate 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 the consensus estimate of $10.20 billion. During the same period last year, the business posted $0.92 EPS. On average, analysts forecast that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were issued a dividend of $0.679 per share. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.91%. The ex-dividend date was Thursday, May 15th. Enbridge's dividend payout ratio is currently 140.21%.

About Enbridge

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.