Strive Asset Management LLC Invests $456,000 in Enbridge Inc. (NYSE:ENB)

Strive Asset Management LLC bought a new stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,745 shares of the pipeline company's stock, valued at approximately $456,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ENB. apricus wealth LLC raised its position in Enbridge by 1.1% during the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after purchasing an additional 220 shares during the period. Cornerstone Wealth Management LLC raised its holdings in Enbridge by 0.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after buying an additional 227 shares during the period. Wintrust Investments LLC raised its holdings in Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after buying an additional 238 shares during the period. Flagship Harbor Advisors LLC lifted its position in Enbridge by 3.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 6,994 shares of the pipeline company's stock worth $297,000 after buying an additional 242 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its stake in Enbridge by 4.2% during the fourth quarter. KPP Advisory Services LLC now owns 5,970 shares of the pipeline company's stock worth $253,000 after buying an additional 242 shares during the period. Hedge funds and other institutional investors own 54.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. National Bankshares restated a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. Citigroup began coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. Raymond James upgraded Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $67.00.

Enbridge Trading Down 0.1%

ENB opened at $44.90 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The stock's fifty day moving average is $44.49 and its two-hundred day moving average is $43.45. The company has a market capitalization of $97.87 billion, a P/E ratio of 26.10, 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.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $10.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a $0.679 dividend. This represents a $2.72 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. 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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