Good Steward Wealth Advisors LLC Makes New Investment in Enbridge Inc (NYSE:ENB)

Good Steward Wealth Advisors LLC purchased a new stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,376 shares of the pipeline company's stock, valued at approximately $637,000.

Several other large investors have also recently bought and sold shares of ENB. Wintrust Investments LLC grew its position in shares of Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. GeoWealth Management LLC grew its holdings in 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 buying an additional 611 shares in the last quarter. Capital A Wealth Management LLC acquired a new position in Enbridge in the 4th quarter valued at $39,000. Hopwood Financial Services Inc. bought a new position in Enbridge during the 4th quarter worth $42,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Enbridge by 731.7% during the first quarter. SJS Investment Consulting Inc. now owns 1,023 shares of the pipeline company's stock worth $45,000 after buying an additional 900 shares in the last quarter. 54.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

ENB has been the topic of several research reports. CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Royal Bank Of Canada restated an "outperform" rating and set a $67.00 target price on shares of Enbridge in a research report on Monday, May 12th. Citigroup started coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Finally, Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Enbridge presently has an average rating of "Hold" and an average price target of $67.00.

Enbridge Price Performance

Enbridge stock opened at $44.99 on Friday. The stock has a fifty day moving average of $45.77 and a 200-day moving average of $44.04. The stock has a market capitalization of $98.10 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 4.24 and a beta of 0.81. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. Enbridge Inc has a 52 week low of $34.60 and a 52 week high of $47.44.

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, beating analysts' consensus estimates of $0.68 by $0.04. The company had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same period last year, the company posted $0.92 EPS. On average, sell-side analysts expect 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 was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were issued a $0.679 dividend. The ex-dividend date was Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 6.04%. Enbridge's dividend payout ratio is presently 140.21%.

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.

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