Focus Partners Advisor Solutions LLC Acquires 6,427 Shares of Enbridge Inc. (NYSE:ENB)

Focus Partners Advisor Solutions LLC raised its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 38.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,352 shares of the pipeline company's stock after acquiring an additional 6,427 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Enbridge were worth $991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Albion Financial Group UT bought a new position in Enbridge in the fourth quarter valued at $29,000. Wintrust Investments LLC boosted 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 buying an additional 238 shares during the last quarter. GeoWealth Management LLC grew its holdings in shares of Enbridge by 436.4% in 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. Hopwood Financial Services Inc. bought a new position in shares of Enbridge in the 4th quarter valued at about $42,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Enbridge in the fourth quarter valued at about $47,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Performance

Shares of ENB stock traded up $0.87 during trading on Friday, reaching $46.04. 5,087,231 shares of the company's stock were exchanged, compared to its average volume of 4,062,448. Enbridge Inc. has a twelve month low of $34.60 and a twelve month high of $47.08. The firm's fifty day moving average price is $44.74 and its 200-day moving average price is $43.62. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $100.37 billion, a PE ratio of 26.77, a PEG ratio of 3.92 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $7.27 billion for 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 company earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a $0.679 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a yield of 5.90%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is 139.69%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ENB shares. CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Finally, Citigroup began coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. Six equities 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 an average 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.