Enbridge Inc. (NYSE:ENB) Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC grew its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,648 shares of the pipeline company's stock after buying an additional 7,543 shares during the quarter. Waverly Advisors LLC's holdings in Enbridge were worth $1,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Enbridge by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. GQG Partners LLC lifted its position in shares of Enbridge by 2.1% during the fourth quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after purchasing an additional 1,495,742 shares during the last quarter. TD Asset Management Inc. grew its stake in Enbridge by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock worth $1,643,935,000 after purchasing an additional 1,040,799 shares in the last quarter. Deutsche Bank AG increased its holdings in Enbridge by 13.9% in the fourth quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock valued at $1,541,745,000 after buying an additional 4,426,684 shares during the last quarter. Finally, Norges Bank acquired a new stake in Enbridge during the fourth quarter valued at approximately $909,415,000. Institutional investors own 54.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They set a "buy" rating on the stock. CIBC reiterated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $67.00.

Enbridge Stock Performance

ENB stock opened at $45.19 on Friday. The stock's fifty day moving average is $44.68 and its two-hundred day moving average is $43.56. The stock has a market capitalization of $98.52 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 3.92 and a beta of 0.84. 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 1 year low of $34.60 and a 1 year high of $47.08.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data 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 net margin of 10.04% and a return on equity of 10.16%. The firm 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 firm posted $0.92 EPS. On average, research analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a dividend of $0.679 per share. The ex-dividend date is Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 6.01%. Enbridge's payout ratio is currently 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.

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