Enbridge Inc. (NYSE:ENB) Shares Acquired by Hutner Capital Management Inc.

Hutner Capital Management Inc. lifted its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,242 shares of the pipeline company's stock after acquiring an additional 13,233 shares during the quarter. Enbridge makes up 2.5% of Hutner Capital Management Inc.'s holdings, making the stock its 14th biggest holding. Hutner Capital Management Inc.'s holdings in Enbridge were worth $5,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. McIlrath & Eck LLC increased its stake in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT bought a new position in shares of Enbridge during the fourth quarter valued at about $29,000. Wintrust Investments LLC boosted its holdings in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the last quarter. GeoWealth Management LLC increased its stake in Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after buying an additional 611 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. lifted its holdings in Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock worth $41,000 after acquiring an additional 580 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Up 0.8 %

NYSE:ENB traded up $0.38 on Friday, reaching $46.86. 3,024,607 shares of the stock traded hands, compared to its average volume of 4,178,854. Enbridge Inc. has a 12 month low of $34.60 and a 12 month high of $47.08. The company has a market capitalization of $102.16 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.92 and a beta of 0.80. The company's fifty day simple moving average is $43.82 and its 200 day simple moving average is $43.15. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The company had revenue of $11.59 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. Equities analysts predict 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. Shareholders of record on Thursday, May 15th will be issued a $0.679 dividend. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend is Thursday, May 15th. Enbridge's payout ratio is currently 157.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ENB shares. CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. TD Securities started coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada raised their price objective on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" 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.