D.A. Davidson & CO. Grows Stock Holdings in Enbridge Inc (NYSE:ENB)

D.A. Davidson & CO. lifted its stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,832 shares of the pipeline company's stock after purchasing an additional 18,129 shares during the quarter. D.A. Davidson & CO.'s holdings in Enbridge were worth $8,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ENB. Brighton Jones LLC purchased a new position in shares of Enbridge in the fourth quarter worth $261,000. QRG Capital Management Inc. bought a new stake in Enbridge in the 4th quarter worth about $319,000. SVB Wealth LLC purchased a new position in Enbridge in the 4th quarter worth about $280,000. Fisher Asset Management LLC purchased a new position in Enbridge in the 4th quarter worth about $239,000. Finally, SRS Capital Advisors Inc. lifted its stake in Enbridge by 138.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,959 shares of the pipeline company's stock valued at $83,000 after acquiring an additional 1,138 shares during the period. Hedge funds and other institutional investors own 54.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $67.00 price objective on shares of Enbridge in a report on Monday, May 12th. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Citigroup assumed coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research report 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.00.

Enbridge Stock Performance

Shares of Enbridge stock traded down $0.03 on Friday, hitting $44.76. 1,487,266 shares of the company's stock were exchanged, compared to its average volume of 3,949,305. Enbridge Inc has a 1 year low of $35.10 and a 1 year high of $47.44. The company has a 50-day simple moving average of $45.73 and a 200-day simple moving average of $44.22. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. The stock has a market capitalization of $97.58 billion, a PE ratio of 23.07, a PEG ratio of 4.22 and a beta of 0.79.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released 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 in the previous year, the business earned $0.92 earnings per share. As a group, equities analysts anticipate that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were paid a dividend of $0.679 per share. The ex-dividend date was Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.07%. Enbridge's payout ratio is 140.21%.

Enbridge 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.