Oppenheimer & Co. Inc. decreased its stake in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 3.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 374,812 shares of the pipeline company's stock after selling 11,452 shares during the period. Oppenheimer & Co. Inc.'s holdings in Enbridge were worth $16,608,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Garde Capital Inc. acquired a new stake in Enbridge during the first quarter worth approximately $26,000. Wintrust Investments LLC increased its stake in shares of Enbridge by 47.8% during the fourth 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 increased 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 purchasing an additional 611 shares during the period. Wolff Wiese Magana LLC grew its holdings in Enbridge by 91.3% in the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock valued at $34,000 after buying an additional 365 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new position in Enbridge during the 4th quarter worth $39,000. Institutional investors own 54.60% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on ENB shares. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. CIBC restated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $67.00 target price on shares of Enbridge in a report on Monday, May 12th. Finally, Wall Street Zen upgraded Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.00.
Check Out Our Latest Research Report on ENB
Enbridge Price Performance
Shares of NYSE:ENB opened at $44.71 on Monday. The firm has a 50 day moving average of $45.80 and a 200-day moving average of $44.06. Enbridge Inc has a 12 month low of $34.68 and a 12 month high of $47.44. 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 stock has a market capitalization of $97.47 billion, a PE ratio of 23.04, a PEG ratio of 4.22 and a beta of 0.81.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating the consensus estimate 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 10.16% and a return on equity of 10.41%. During the same period in the previous year, the business earned $0.92 earnings per share. On average, equities research analysts predict that Enbridge Inc will post 2.14 EPS for the current fiscal year.
Enbridge Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were given a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend was Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's payout ratio is currently 140.21%.
Enbridge Company Profile
(
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.
Further Reading
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