Sivia Capital Partners LLC Acquires Shares of 5,393 Enbridge Inc. (NYSE:ENB)

Sivia Capital Partners LLC purchased a new stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,393 shares of the pipeline company's stock, valued at approximately $239,000.

Other institutional investors also recently bought and sold shares of the company. Stokes Capital Advisors LLC increased its holdings in shares of Enbridge by 0.7% during the 1st quarter. Stokes Capital Advisors LLC now owns 106,560 shares of the pipeline company's stock valued at $4,722,000 after purchasing an additional 779 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of Enbridge by 1.7% during the 1st quarter. Procyon Advisors LLC now owns 125,936 shares of the pipeline company's stock valued at $5,580,000 after purchasing an additional 2,126 shares in the last quarter. Gilman Hill Asset Management LLC increased its holdings in Enbridge by 2,118.2% in the first quarter. Gilman Hill Asset Management LLC now owns 130,052 shares of the pipeline company's stock valued at $5,763,000 after buying an additional 124,189 shares in the last quarter. Portside Wealth Group LLC increased its holdings in Enbridge by 1.3% in the first quarter. Portside Wealth Group LLC now owns 30,280 shares of the pipeline company's stock valued at $1,285,000 after buying an additional 383 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC increased its holdings in Enbridge by 5.4% in the first quarter. Key Client Fiduciary Advisors LLC now owns 14,364 shares of the pipeline company's stock valued at $636,000 after buying an additional 730 shares in the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ENB has been the subject of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. CIBC restated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. National Bankshares restated a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Finally, Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Enbridge presently has an average rating of "Hold" and an average price target of $67.00.

Enbridge Price Performance

NYSE:ENB opened at $46.49 on Monday. Enbridge Inc. has a 12 month low of $34.60 and a 12 month high of $47.44. The stock has a 50 day moving average of $45.17 and a two-hundred day moving average of $43.88. 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 firm has a market cap of $101.35 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 3.92 and a beta of 0.81.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same period in the previous year, the business earned $0.92 earnings per share. On average, analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were issued a dividend of $0.679 per share. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.84%. Enbridge's dividend payout ratio is presently 139.69%.

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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