Vise Technologies Inc. Purchases 7,077 Shares of Enbridge Inc. (NYSE:ENB)

Vise Technologies Inc. raised its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 44.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,986 shares of the pipeline company's stock after purchasing an additional 7,077 shares during the period. Vise Technologies Inc.'s holdings in Enbridge were worth $975,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pettinga Financial Advisors LLC purchased a new position in shares of Enbridge in the fourth quarter valued at $218,000. Blue Fin Capital Inc. boosted its stake in shares of Enbridge by 3.1% in the fourth quarter. Blue Fin Capital Inc. now owns 13,688 shares of the pipeline company's stock valued at $581,000 after purchasing an additional 406 shares during the period. Focus Partners Advisor Solutions LLC boosted its stake in shares of Enbridge by 38.0% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 23,352 shares of the pipeline company's stock valued at $991,000 after purchasing an additional 6,427 shares during the period. Continuum Advisory LLC boosted its stake in Enbridge by 5.0% during the 4th quarter. Continuum Advisory LLC now owns 14,998 shares of the pipeline company's stock valued at $636,000 after acquiring an additional 712 shares during the last quarter. Finally, White Knight Strategic Wealth Advisors LLC boosted its stake in Enbridge by 100.2% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 51,260 shares of the pipeline company's stock valued at $2,175,000 after acquiring an additional 25,655 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ENB has been the topic of a number of research analyst reports. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating on the stock. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Six 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, Enbridge has an average rating of "Hold" and an average target price of $67.00.

Enbridge Trading Up 0.2%

Shares of Enbridge stock traded up $0.11 during trading on Friday, hitting $45.96. The stock had a trading volume of 925,386 shares, compared to its average volume of 4,050,454. 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 company has a market capitalization of $100.19 billion, a PE ratio of 26.71, a P/E/G ratio of 3.92 and a beta of 0.84. The stock has a 50 day simple moving average of $44.89 and a 200 day simple moving average of $43.70. Enbridge Inc. has a 1 year low of $34.60 and a 1 year high of $47.08.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter last year, the firm posted $0.92 earnings per share. On average, research analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be issued a $0.679 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.91%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is currently 139.69%.

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.