Enbridge Inc. (NYSE:ENB) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC reduced its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,556 shares of the pipeline company's stock after selling 6,851 shares during the quarter. Shufro Rose & Co. LLC's holdings in Enbridge were worth $2,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wintrust Investments LLC grew its position in Enbridge by 47.8% during 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 last quarter. GeoWealth Management LLC grew its position in Enbridge by 436.4% during the 4th 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 last quarter. Hopwood Financial Services Inc. purchased a new position in Enbridge during the 4th quarter worth $42,000. Vision Financial Markets LLC purchased a new position in Enbridge during the 4th quarter worth $47,000. Finally, New Wave Wealth Advisors LLC purchased a new position in Enbridge during the 4th quarter worth $52,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Raymond James raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. BMO Capital Markets reaffirmed a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Citigroup began coverage on shares of Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Enbridge presently has a consensus rating of "Hold" and a consensus price target of $67.00.

Enbridge Price Performance

ENB stock traded up $0.28 during trading on Thursday, reaching $45.85. 2,533,353 shares of the company were exchanged, compared to its average volume of 4,059,695. The company has a market cap of $99.94 billion, a P/E ratio of 26.65, a PEG ratio of 3.92 and a beta of 0.84. Enbridge Inc. has a 52-week low of $34.60 and a 52-week high of $47.08. The stock's 50 day moving average price is $44.85 and its 200 day moving average price is $43.67. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The company had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. As a group, analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current fiscal 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 issued a $0.679 dividend. This represents a $2.72 annualized dividend and a dividend yield of 5.92%. The ex-dividend date is Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is 139.69%.

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.