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

TD Private Client Wealth LLC lifted its stake in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,534 shares of the pipeline company's stock after acquiring an additional 11,186 shares during the period. TD Private Client Wealth LLC's holdings in Enbridge were worth $4,936,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Aviso Financial Inc. increased its position in shares of Enbridge by 4.3% during the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after acquiring an additional 58,176 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. Greenland Capital Management LP increased its position in shares of Enbridge by 189.1% during the fourth quarter. Greenland Capital Management LP now owns 35,410 shares of the pipeline company's stock worth $1,502,000 after acquiring an additional 23,160 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Enbridge by 6.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 438,557 shares of the pipeline company's stock worth $19,431,000 after acquiring an additional 25,071 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Enbridge by 20.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,818,919 shares of the pipeline company's stock worth $289,044,000 after acquiring an additional 1,135,000 shares in the last quarter. Institutional investors own 54.60% of the company's stock.

Enbridge Stock Performance

Shares of ENB traded up $0.06 during midday trading on Tuesday, reaching $44.21. The stock had a trading volume of 2,828,443 shares, compared to its average volume of 3,952,646. The firm has a 50 day simple moving average of $45.68 and a 200-day simple moving average of $44.29. Enbridge Inc has a one year low of $35.10 and a one year high of $47.44. The firm has a market cap of $96.40 billion, a PE ratio of 22.79, a P/E/G ratio of 4.22 and a beta of 0.79. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The company had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same quarter last year, the firm posted $0.92 EPS. As a group, sell-side analysts anticipate that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The business also recently announced 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 6.14%. The ex-dividend date of this dividend was Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is currently 139.69%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ENB shares. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a research report on Monday, May 12th. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Citigroup initiated coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $67.00 target price 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 research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $67.00.

Enbridge 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.