Lindbrook Capital LLC Increases Stock Holdings in Enbridge Inc (NYSE:ENB)

Lindbrook Capital LLC boosted its stake in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 734.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,098 shares of the pipeline company's stock after buying an additional 20,330 shares during the period. Lindbrook Capital LLC's holdings in Enbridge were worth $1,023,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Enbridge by 4.1% during the fourth 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 valued at $3,151,500,000 after acquiring an additional 1,495,742 shares during the last quarter. TD Asset Management Inc. increased its stake in Enbridge by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock worth $1,643,935,000 after purchasing an additional 1,040,799 shares during the period. Deutsche Bank AG lifted its position in shares of Enbridge by 13.9% during the fourth quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock worth $1,541,745,000 after purchasing an additional 4,426,684 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Enbridge during the fourth quarter valued at $909,415,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Trading Up 0.7%

Shares of NYSE:ENB opened at $45.07 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $98.27 billion, a PE ratio of 23.23, a P/E/G ratio of 4.23 and a beta of 0.79. Enbridge Inc has a 12-month low of $36.32 and a 12-month high of $47.44. The business's fifty day simple moving average is $45.37 and its 200-day simple moving average is $44.45.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. During the same period in the prior year, the firm posted $0.92 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were paid a dividend of $0.679 per share. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's payout ratio is presently 139.69%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Finally, Citigroup initiated coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. 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 stock has an average rating of "Hold" and a consensus target price of $67.00.

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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