JBR Co Financial Management Inc purchased a new position in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,454 shares of the pipeline company's stock, valued at approximately $330,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Enbridge in the fourth quarter worth $909,415,000. Arrowstreet Capital Limited Partnership boosted its position in Enbridge by 396.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock worth $510,816,000 after acquiring an additional 9,621,425 shares during the period. Blackstone Inc. boosted its position in Enbridge by 650.7% during the 4th quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company's stock worth $242,619,000 after acquiring an additional 4,956,379 shares during the period. Deutsche Bank AG grew its stake in Enbridge by 13.9% during the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock valued at $1,541,745,000 after acquiring an additional 4,426,684 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Enbridge in the 4th quarter valued at about $180,941,000. Institutional investors and hedge funds own 54.60% of the company's stock.
Enbridge Trading Up 0.0%
Shares of Enbridge stock opened at $45.96 on Wednesday. Enbridge Inc has a 52-week low of $34.60 and a 52-week high of $47.44. The firm has a market capitalization of $100.21 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 4.33 and a beta of 0.81. 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's fifty day moving average price is $45.64 and its two-hundred day moving average price is $44.03.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced 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. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. The firm had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter last year, the company earned $0.92 earnings per share. On average, analysts expect that Enbridge Inc will post 2.14 EPS for the current year.
Enbridge Increases Dividend
The company 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 of this dividend was Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.91%. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's payout ratio is 140.21%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ENB. Citigroup started coverage on Enbridge in a research report on Friday, April 4th. They set a "buy" rating for the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $67.00 price target on shares of Enbridge in a report on Monday, May 12th. CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, National Bankshares reissued a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Enbridge has a consensus rating of "Hold" and a consensus price target of $67.00.
View Our Latest Report on Enbridge
About Enbridge
(
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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