Financial Counselors Inc. Has $30.09 Million Holdings in Enbridge Inc (NYSE:ENB)

Financial Counselors Inc. trimmed its position in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 679,022 shares of the pipeline company's stock after selling 29,696 shares during the quarter. Financial Counselors Inc.'s holdings in Enbridge were worth $30,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC raised its stake in Enbridge by 11.1% during the first quarter. TD Private Client Wealth LLC now owns 111,534 shares of the pipeline company's stock worth $4,936,000 after acquiring an additional 11,186 shares during the period. Capital Advisors Inc. OK lifted its holdings in shares of Enbridge by 23.7% in the 1st quarter. Capital Advisors Inc. OK now owns 878,476 shares of the pipeline company's stock worth $38,925,000 after purchasing an additional 168,130 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Enbridge by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,110,659 shares of the pipeline company's stock worth $182,095,000 after buying an additional 322,359 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Enbridge by 9.1% in the first quarter. Hexagon Capital Partners LLC now owns 6,710 shares of the pipeline company's stock worth $297,000 after buying an additional 562 shares during the period. Finally, Adell Harriman & Carpenter Inc. grew its position in shares of Enbridge by 3.1% during the first quarter. Adell Harriman & Carpenter Inc. now owns 111,616 shares of the pipeline company's stock worth $4,946,000 after acquiring an additional 3,400 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ENB has been the subject of a number of analyst reports. Citigroup started coverage on shares of Enbridge in a research note on Friday, April 4th. They set a "buy" rating for the company. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Royal Bank Of Canada reissued an "outperform" rating and set a $67.00 price target on shares of Enbridge in a report on Monday, May 12th. Finally, Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Enbridge has an average rating of "Hold" and a consensus price target of $67.00.

Enbridge Price Performance

NYSE ENB traded down $0.61 on Monday, reaching $44.13. The company's stock had a trading volume of 3,691,576 shares, compared to its average volume of 3,952,253. Enbridge Inc has a twelve month low of $35.10 and a twelve month high of $47.44. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. The firm's 50 day moving average is $45.73 and its two-hundred day moving average is $44.27. The stock has a market cap of $96.22 billion, a PE ratio of 22.75, a PEG ratio of 4.22 and a beta of 0.79.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued 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. The firm 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 last year, the firm posted $0.92 earnings per share. As a group, sell-side analysts predict that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were issued a dividend of $0.679 per share. This represents a $2.72 annualized dividend and a dividend yield of 6.15%. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio is currently 140.21%.

About Enbridge

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.