Guardian Capital Advisors LP Has $28.45 Million Stock Position in Enbridge Inc. (NYSE:ENB)

Guardian Capital Advisors LP grew its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 755,111 shares of the pipeline company's stock after acquiring an additional 21,530 shares during the quarter. Enbridge comprises 3.0% of Guardian Capital Advisors LP's holdings, making the stock its 5th largest holding. Guardian Capital Advisors LP's holdings in Enbridge were worth $28,448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ENB. BOK Financial Private Wealth Inc. bought a new stake in shares of Enbridge during the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC increased its holdings in shares of Enbridge by 836.4% during the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company's stock valued at $26,000 after acquiring an additional 644 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Enbridge during the fourth quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. increased its holdings in shares of Enbridge by 2,294.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 849 shares in the last quarter. Finally, Planned Solutions Inc. bought a new stake in shares of Enbridge during the fourth quarter valued at approximately $34,000. Institutional investors own 54.60% of the company's stock.

Enbridge Stock Performance

ENB stock traded down $0.84 during midday trading on Tuesday, hitting $36.99. The company's stock had a trading volume of 11,443,084 shares, compared to its average volume of 5,937,641. The stock's 50-day moving average price is $35.65 and its 200 day moving average price is $35.17. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $38.73. The stock has a market cap of $78.64 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 3.57 and a beta of 0.83.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.60% and a net margin of 13.59%. The business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $9.62 billion. On average, equities analysts forecast that Enbridge Inc. will post 2.12 EPS for the current year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a $0.677 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.71 annualized dividend and a yield of 7.32%. This is a boost from Enbridge's previous quarterly dividend of $0.66. Enbridge's payout ratio is currently 138.07%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ENB shares. Stifel Nicolaus started coverage on Enbridge in a research report on Thursday, January 18th. They set a "hold" rating on the stock. Jefferies Financial Group started coverage on Enbridge in a research report on Tuesday, February 27th. They set a "buy" rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $55.20.

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.

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