TD Private Client Wealth LLC Has $4.94 Million Stake in Enbridge Inc (NYSE:ENB)

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 disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,534 shares of the pipeline company's stock after purchasing an additional 11,186 shares during the period. TD Private Client Wealth LLC's holdings in Enbridge were worth $4,936,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares in the last quarter. GQG Partners LLC increased its holdings in shares of Enbridge by 2.1% during the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after purchasing an additional 1,495,742 shares during the period. TD Asset Management Inc. lifted its position in shares of Enbridge by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock worth $1,643,935,000 after acquiring an additional 1,040,799 shares during the period. Deutsche Bank AG lifted its holdings in shares of Enbridge by 13.9% during the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock worth $1,541,745,000 after acquiring an additional 4,426,684 shares during the period. Finally, Norges Bank bought a new stake in shares of Enbridge in the 4th quarter valued at approximately $909,415,000. Institutional investors and hedge funds own 54.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Wall Street Zen upgraded Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Citigroup began coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $67.00.

Enbridge Trading Up 1.6%

ENB traded up $0.72 during mid-day trading on Thursday, hitting $44.51. The stock had a trading volume of 5,150,879 shares, compared to its average volume of 3,957,616. Enbridge Inc has a 1-year low of $35.34 and a 1-year high of $47.44. The firm has a market capitalization of $97.05 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. 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 stock's fifty day simple moving average is $45.58 and its 200-day simple moving average is $44.29.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. The company had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. As a group, research analysts forecast that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were paid a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.10%. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. Enbridge's dividend payout ratio is currently 140.21%.

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.