Enbridge Inc (NYSE:ENB) Shares Acquired by Wealth Quarterback LLC

Wealth Quarterback LLC grew its position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 101.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,929 shares of the pipeline company's stock after buying an additional 8,029 shares during the quarter. Wealth Quarterback LLC's holdings in Enbridge were worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Capital Investment Counsel Inc grew its stake in Enbridge by 3.1% in the 1st quarter. Capital Investment Counsel Inc now owns 7,527 shares of the pipeline company's stock valued at $333,000 after buying an additional 223 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Enbridge by 0.7% during the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 34,326 shares of the pipeline company's stock valued at $1,526,000 after purchasing an additional 226 shares in the last quarter. Hardin Capital Partners LLC grew its position in Enbridge by 2.7% in the first quarter. Hardin Capital Partners LLC now owns 9,553 shares of the pipeline company's stock worth $423,000 after acquiring an additional 252 shares in the last quarter. Investors Research Corp grew its position in Enbridge by 9.5% in the first quarter. Investors Research Corp now owns 3,051 shares of the pipeline company's stock worth $135,000 after acquiring an additional 264 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in Enbridge by 2.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 11,975 shares of the pipeline company's stock worth $531,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 54.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ENB. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Royal Bank Of Canada reissued an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $67.00.

Enbridge Price Performance

ENB traded up $0.31 during trading on Friday, hitting $45.07. 2,634,204 shares of the company traded hands, compared to its average volume of 3,952,758. Enbridge Inc has a 1 year low of $36.32 and a 1 year high of $47.44. The company has a market cap of $98.27 billion, a PE ratio of 23.23, a P/E/G ratio of 4.23 and a beta of 0.79. The stock's 50-day simple moving average is $45.37 and its two-hundred day simple moving average is $44.44. 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 released its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) 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 period in the previous year, the company earned $0.92 EPS. As a group, sell-side analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were paid a dividend of $0.679 per share. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a yield of 6.03%. Enbridge's dividend payout ratio is presently 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.