Enbridge Inc (NYSE:ENB) Shares Purchased by Hartline Investment Corp

Hartline Investment Corp increased its holdings in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,098 shares of the pipeline company's stock after buying an additional 8,610 shares during the quarter. Hartline Investment Corp's holdings in Enbridge were worth $1,600,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Garde Capital Inc. acquired a new stake in shares of Enbridge during the 1st quarter worth approximately $26,000. Wintrust Investments LLC boosted its stake in 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 last quarter. GeoWealth Management LLC grew its stake in Enbridge by 436.4% during the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of 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 in the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Enbridge in the 4th quarter worth $39,000. 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 analyst reports. Citigroup assumed coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $67.00 price objective on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Six research 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, the stock has a consensus rating of "Hold" and a consensus target price of $67.00.

Enbridge Trading Down 0.1%

ENB opened at $44.76 on Friday. The firm has a market cap of $97.58 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 4.22 and a beta of 0.79. Enbridge Inc has a 52 week low of $35.10 and a 52 week high of $47.44. The business's 50 day moving average is $45.76 and its two-hundred day moving average is $44.20. 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 (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same period in the prior year, the company earned $0.92 earnings per share. On average, research analysts predict that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were issued a $0.679 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio (DPR) is currently 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.

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