Integrated Advisors Network LLC Buys 45,380 Shares of Enbridge Inc. (NYSE:ENB)

Integrated Advisors Network LLC boosted its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 316.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,710 shares of the pipeline company's stock after buying an additional 45,380 shares during the period. Integrated Advisors Network LLC's holdings in Enbridge were worth $2,646,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ENB. Norges Bank bought a new position in shares of Enbridge in the fourth quarter valued at $909,415,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Enbridge by 396.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock valued at $510,816,000 after buying an additional 9,621,425 shares in the last quarter. Blackstone Inc. lifted its stake in shares of Enbridge by 650.7% in the fourth quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company's stock valued at $242,619,000 after buying an additional 4,956,379 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Enbridge in the 4th quarter valued at $180,941,000. 54.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ENB. Citigroup began coverage on Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research report on Monday, May 12th. Finally, BMO Capital Markets reissued 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 assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $67.00.

Enbridge Stock Performance

Shares of NYSE ENB traded down $0.18 during mid-day trading on Friday, reaching $46.63. 3,064,061 shares of the company's stock were exchanged, compared to its average volume of 4,001,654. The firm has a market capitalization of $101.66 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 3.92 and a beta of 0.81. Enbridge Inc. has a 52 week low of $34.60 and a 52 week high of $47.44. 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 firm has a 50-day moving average price of $45.45 and a two-hundred day moving average price of $43.99.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS 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 for the quarter, compared to analysts' expectations of $10.20 billion. During the same period in the previous year, the business posted $0.92 EPS. Analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were issued a $0.679 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.72 annualized dividend and a yield of 5.82%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is 139.69%.

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.