Michels Family Financial LLC Takes $608,000 Position in Enbridge Inc. (NYSE:ENB)

Michels Family Financial LLC acquired a new position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,318 shares of the pipeline company's stock, valued at approximately $608,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wintrust Investments LLC lifted its position in shares of Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the period. GeoWealth Management LLC lifted its stake 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 buying an additional 611 shares during the period. Hopwood Financial Services Inc. purchased a new stake in shares of Enbridge during the fourth quarter valued at $42,000. Vision Financial Markets LLC acquired a new position in shares of Enbridge in the 4th quarter valued at $47,000. Finally, Synergy Asset Management LLC purchased a new position in Enbridge in the 4th quarter worth $51,000. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Performance

Enbridge stock traded down $0.04 during mid-day trading on Tuesday, hitting $46.02. The company had a trading volume of 5,138,547 shares, compared to its average volume of 4,066,753. The company has a market capitalization of $100.33 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.92 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company's fifty day moving average is $44.78 and its 200-day moving average is $43.64. Enbridge Inc. has a 12-month low of $34.60 and a 12-month high of $47.08.

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 for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $10.20 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Equities research analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be given a dividend of $0.679 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a yield of 5.90%. This is an increase from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is currently 139.69%.

Analysts Set New Price Targets

ENB has been the topic of a number of research reports. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Raymond James raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Citigroup initiated coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.00.

About Enbridge

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.