Enbridge Inc. (NYSE:ENB) Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC cut its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,821 shares of the pipeline company's stock after selling 15,832 shares during the quarter. Enbridge accounts for 3.7% of S.E.E.D. Planning Group LLC's holdings, making the stock its 7th biggest position. S.E.E.D. Planning Group LLC's holdings in Enbridge were worth $10,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of ENB. Wintrust Investments LLC grew its stake in shares of 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 acquiring an additional 238 shares in the last quarter. GeoWealth Management LLC grew its stake in shares of 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 in the last quarter. Capital A Wealth Management LLC bought a new position in shares of Enbridge in the fourth quarter valued at $39,000. Hopwood Financial Services Inc. bought a new position in shares of Enbridge in the fourth quarter valued at $42,000. Finally, Vision Financial Markets LLC bought a new position in shares of Enbridge in the fourth quarter valued at $47,000. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Performance

Enbridge stock traded up $0.65 during mid-day trading on Friday, hitting $46.50. 4,106,198 shares of the company's stock traded hands, compared to its average volume of 4,060,241. Enbridge Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $47.08. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The stock has a market cap of $101.37 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 3.92 and a beta of 0.84. The firm has a 50 day simple moving average of $44.93 and a two-hundred day simple moving average of $43.73.

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

Enbridge Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ENB. Royal Bank of Canada reissued an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a research note on Monday, May 12th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Raymond James raised Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Finally, Citigroup initiated coverage on Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. 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 MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.