Sound Income Strategies LLC increased its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 653,393 shares of the pipeline company's stock after purchasing an additional 21,573 shares during the period. Enbridge accounts for 1.7% of Sound Income Strategies LLC's investment portfolio, making the stock its 12th largest holding. Sound Income Strategies LLC's holdings in Enbridge were worth $28,952,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ENB. Wintrust Investments LLC lifted its holdings 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 lifted its stake in shares of Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after acquiring an additional 611 shares during the period. Capital A Wealth Management LLC purchased a new stake in shares of Enbridge in the fourth quarter valued at about $39,000. Hopwood Financial Services Inc. acquired a new position in shares of Enbridge during the fourth quarter worth about $42,000. Finally, SJS Investment Consulting Inc. raised its holdings in Enbridge by 731.7% during the first quarter. SJS Investment Consulting Inc. now owns 1,023 shares of the pipeline company's stock worth $45,000 after purchasing an additional 900 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on ENB shares. Raymond James raised Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $67.00 price objective on shares of Enbridge in a report on Monday, May 12th. National Bankshares reiterated 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, Citigroup began coverage on shares of Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Enbridge has an average rating of "Hold" and an average target price of $67.00.
View Our Latest Report on ENB
Enbridge Price Performance
Shares of Enbridge stock traded down $0.30 on Monday, hitting $46.37. The company's stock had a trading volume of 624,852 shares, compared to its average volume of 3,988,430. The company has a market capitalization of $101.10 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 3.92 and a beta of 0.81. Enbridge Inc. has a 52-week low of $34.60 and a 52-week high of $48.72. The firm has a fifty day moving average price of $45.45 and a 200-day moving average price of $43.99. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.
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. On average, equities research analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.
Enbridge Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were issued a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date was Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is 139.69%.
Enbridge 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.
See Also
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
