Integrated Advisors Network LLC Purchases 5,996 Shares of Enbridge Inc. (NYSE:ENB)

Integrated Advisors Network LLC lifted its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 71.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,330 shares of the pipeline company's stock after acquiring an additional 5,996 shares during the period. Integrated Advisors Network LLC's holdings in Enbridge were worth $608,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in Enbridge in the 4th quarter valued at $199,000. Mackenzie Financial Corp boosted its stake in Enbridge by 1.7% during the fourth quarter. Mackenzie Financial Corp now owns 18,880,985 shares of the pipeline company's stock valued at $800,507,000 after buying an additional 319,435 shares during the period. Michels Family Financial LLC bought a new stake in Enbridge during the fourth quarter valued at $608,000. Public Employees Retirement System of Ohio boosted its stake in Enbridge by 18.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 518,750 shares of the pipeline company's stock valued at $22,009,000 after buying an additional 79,549 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Enbridge by 3.6% during the 4th quarter. Sunbelt Securities Inc. now owns 24,430 shares of the pipeline company's stock valued at $1,029,000 after acquiring an additional 854 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

Enbridge Trading Up 1.4%

Shares of ENB traded up $0.65 during mid-day trading on Friday, reaching $46.50. The company's stock had a trading volume of 4,106,198 shares, compared to its average volume of 4,060,241. The stock has a market cap of $101.37 billion, a PE ratio of 27.03, a P/E/G ratio of 3.92 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 52 week low of $34.60 and a 52 week high of $47.08. The company's fifty day moving average price is $44.93 and its two-hundred day moving average price is $43.74.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be paid a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's payout ratio is 139.69%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ENB shares. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $67.00 target price on shares of Enbridge in a research report on Monday, May 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. Finally, Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $67.00.

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.