International Assets Investment Management LLC reduced its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 61.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,022 shares of the pipeline company's stock after selling 59,998 shares during the quarter. International Assets Investment Management LLC's holdings in Enbridge were worth $1,685,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Garde Capital Inc. acquired a new position in Enbridge during the 1st quarter worth approximately $26,000. Wintrust Investments LLC raised its stake in shares of Enbridge by 47.8% during 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 period. GeoWealth Management LLC lifted its position in shares of Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after purchasing an additional 611 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Enbridge by 91.3% in the first quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock valued at $34,000 after purchasing an additional 365 shares during the period. Finally, Capital A Wealth Management LLC acquired a new stake in Enbridge during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 54.60% of the company's stock.
Enbridge Stock Performance
NYSE:ENB traded up $0.61 during midday trading on Thursday, reaching $45.09. 2,708,811 shares of the company traded hands, compared to its average volume of 3,956,488. Enbridge Inc has a twelve month low of $34.71 and a twelve month high of $47.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. The company has a fifty day moving average price of $45.83 and a 200 day moving average price of $44.08. The firm has a market capitalization of $98.30 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 4.24 and a beta of 0.81.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data 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 net margin of 10.16% and a return on equity of 10.41%. The business had revenue of $7.27 billion for the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter last year, the company earned $0.92 EPS. On average, analysts expect that Enbridge Inc will post 2.14 EPS for the current fiscal year.
Enbridge Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were given a $0.679 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio (DPR) is currently 139.69%.
Analyst Upgrades and Downgrades
ENB has been the subject of a number of analyst reports. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. CIBC reissued an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a research report on Monday, May 12th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $67.00.
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About Enbridge
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Free Report)
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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