J.W. Cole Advisors Inc. Acquires 36,148 Shares of Enbridge Inc (NYSE:ENB)

J.W. Cole Advisors Inc. boosted its position in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 219.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,640 shares of the pipeline company's stock after buying an additional 36,148 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Enbridge were worth $2,332,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Enbridge by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after buying an additional 3,611,421 shares during the last quarter. GQG Partners LLC grew its position in Enbridge by 2.1% in the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after purchasing an additional 1,495,742 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Enbridge by 2.8% during the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after acquiring an additional 1,040,799 shares in the last quarter. Deutsche Bank AG boosted its position in shares of 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, Norges Bank acquired a new stake in shares of Enbridge during the 4th quarter valued at about $909,415,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Down 1.1%

Shares of NYSE:ENB opened at $44.58 on Tuesday. The stock has a market cap of $97.19 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 4.23 and a beta of 0.79. The company has a 50 day moving average of $45.37 and a 200-day moving average of $44.45. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. Enbridge Inc has a one year low of $36.32 and a one year high of $47.44.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, sell-side analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were given a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend was Thursday, May 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's payout ratio is currently 140.21%.

Wall Street Analysts Forecast Growth

ENB has been the subject of several analyst reports. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Finally, Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Enbridge currently 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.

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