MGO One Seven LLC Increases Stock Position in Enbridge Inc. (NYSE:ENB)

MGO One Seven LLC raised its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 37.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,532 shares of the pipeline company's stock after buying an additional 14,450 shares during the quarter. MGO One Seven LLC's holdings in Enbridge were worth $2,229,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in Enbridge in the 3rd quarter valued at approximately $106,000. Barclays PLC boosted its stake in Enbridge by 8.3% during the third quarter. Barclays PLC now owns 584,020 shares of the pipeline company's stock worth $23,717,000 after buying an additional 44,675 shares in the last quarter. McIlrath & Eck LLC raised its position in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Passumpsic Savings Bank raised its holdings in shares of Enbridge by 2.4% in the third quarter. Passumpsic Savings Bank now owns 11,575 shares of the pipeline company's stock valued at $470,000 after buying an additional 276 shares during the last quarter. Finally, Anchor Investment Management LLC grew its holdings in Enbridge by 0.5% during the 3rd quarter. Anchor Investment Management LLC now owns 123,012 shares of the pipeline company's stock worth $4,996,000 after acquiring an additional 581 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ENB shares. CIBC reissued an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Royal Bank of Canada lifted their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Raymond James raised shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. TD Securities began coverage on Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Finally, Citigroup assumed coverage on shares of Enbridge in a research report on Friday, April 4th. They set a "buy" rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of "Moderate Buy" and an average target price of $67.00.

Enbridge Price Performance

Shares of NYSE:ENB traded up $0.04 during trading on Tuesday, reaching $46.68. 973,800 shares of the company traded hands, compared to its average volume of 4,239,728. The firm has a market capitalization of $101.75 billion, a PE ratio of 27.14, a PEG ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a 52 week low of $34.60 and a 52 week high of $46.85. 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's 50 day moving average is $43.42 and its two-hundred day moving average is $43.02.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The company had revenue of $11.59 billion during the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the company earned $0.64 EPS. As a group, sell-side analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is currently 157.56%.

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.