White Knight Strategic Wealth Advisors LLC Purchases 25,655 Shares of Enbridge Inc. (NYSE:ENB)

White Knight Strategic Wealth Advisors LLC increased its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 100.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,260 shares of the pipeline company's stock after buying an additional 25,655 shares during the period. Enbridge accounts for approximately 0.9% of White Knight Strategic Wealth Advisors LLC's investment portfolio, making the stock its 25th biggest position. White Knight Strategic Wealth Advisors LLC's holdings in Enbridge were worth $2,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USS Investment Management Ltd acquired a new position in shares of Enbridge during the 4th quarter worth about $16,828,000. Waverly Advisors LLC grew its holdings in Enbridge by 25.1% during the fourth quarter. Waverly Advisors LLC now owns 37,648 shares of the pipeline company's stock worth $1,597,000 after purchasing an additional 7,543 shares during the period. Williams Jones Wealth Management LLC. grew its holdings in Enbridge by 19.3% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 10,694 shares of the pipeline company's stock worth $454,000 after purchasing an additional 1,731 shares during the period. Zimmer Partners LP increased its position in Enbridge by 121.0% during the fourth quarter. Zimmer Partners LP now owns 175,000 shares of the pipeline company's stock worth $7,426,000 after buying an additional 95,800 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in Enbridge by 2,552.2% in the fourth quarter. Vident Advisory LLC now owns 180,904 shares of the pipeline company's stock valued at $7,674,000 after buying an additional 174,083 shares during the period. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Performance

Shares of NYSE ENB opened at $44.94 on Tuesday. Enbridge Inc. has a one year low of $34.60 and a one year high of $47.08. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The firm has a market cap of $97.97 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 3.92 and a beta of 0.84. The stock's fifty day moving average price is $44.53 and its two-hundred day moving average price is $43.50.

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 the consensus estimate of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. During the same period in the prior year, the company posted $0.92 earnings per share. On average, equities analysts forecast that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.679 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 6.04%. Enbridge's dividend payout ratio (DPR) is currently 139.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENB. Raymond James raised Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $67.00 price objective on shares of Enbridge in a research report on Monday, May 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Citigroup assumed coverage on shares of Enbridge in a research note on Friday, April 4th. They set a "buy" rating for the company. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Five equities research 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, the company presently has a consensus 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.

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