TD Private Client Wealth LLC boosted its position in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 11.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,534 shares of the pipeline company's stock after purchasing an additional 11,186 shares during the quarter. TD Private Client Wealth LLC's holdings in Enbridge were worth $4,936,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in ENB. Garde Capital Inc. acquired a new position in shares of Enbridge during the first quarter valued at about $26,000. Wintrust Investments LLC increased 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 valued at $31,000 after acquiring an additional 238 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Enbridge by 91.3% during the first quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 365 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in shares of Enbridge during the fourth quarter valued at about $39,000. 54.60% of the stock is currently owned by institutional investors.
Enbridge Stock Performance
NYSE:ENB traded down $0.39 during midday trading on Wednesday, hitting $43.81. The company's stock had a trading volume of 2,811,918 shares, compared to its average volume of 3,952,842. Enbridge Inc has a fifty-two week low of $35.34 and a fifty-two week high of $47.44. The firm's 50 day moving average is $45.58 and its 200-day moving average is $44.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. The firm has a market cap of $95.52 billion, a P/E ratio of 22.58, a P/E/G ratio of 4.16 and a beta of 0.79.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data 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 10.41% and a net margin of 10.16%. The business had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. Equities analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.
Enbridge Increases Dividend
The business also recently disclosed 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 annualized dividend and a yield of 6.20%. The ex-dividend date was Thursday, May 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is currently 140.21%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. National Bankshares restated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Citigroup assumed coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $67.00.
Check Out Our Latest Research Report on Enbridge
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.
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