Janney Montgomery Scott LLC Grows Position in Enbridge Inc. (NYSE:ENB)

Janney Montgomery Scott LLC raised its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 12.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,013,110 shares of the pipeline company's stock after acquiring an additional 113,744 shares during the quarter. Janney Montgomery Scott LLC's holdings in Enbridge were worth $44,891,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ENB. Wintrust Investments LLC lifted its stake 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 period. GeoWealth Management LLC increased its holdings in Enbridge by 436.4% in the fourth 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 stake in shares of Enbridge during the 4th quarter valued at approximately $39,000. Hopwood Financial Services Inc. purchased a new stake in shares of Enbridge during the 4th quarter worth approximately $42,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Enbridge by 731.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,023 shares of the pipeline company's stock worth $45,000 after acquiring an additional 900 shares during the period. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Trading Down 1.5%

Enbridge stock opened at $45.95 on Tuesday. The stock has a 50-day moving average price of $45.55 and a 200 day moving average price of $44.01. Enbridge Inc. has a 52 week low of $34.60 and a 52 week high of $47.44. The stock has a market cap of $100.20 billion, a PE ratio of 26.72, a P/E/G ratio of 3.92 and a beta of 0.81. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly 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. The business had revenue of $7.27 billion during 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 firm posted $0.92 earnings per share. Equities research analysts predict 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. Stockholders of record on Thursday, May 15th were paid a $0.679 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.91%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is 139.69%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ENB. Raymond James raised Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. CIBC reissued 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. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Enbridge has a consensus rating of "Hold" and an average 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.

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