Enbridge Inc. (NYSE:ENB) Stock Holdings Lifted by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. increased its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 25.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,507,775 shares of the pipeline company's stock after purchasing an additional 504,265 shares during the quarter. Enbridge accounts for approximately 1.1% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 26th largest holding. Montrusco Bolton Investments Inc. owned 0.12% of Enbridge worth $90,718,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC lifted its holdings in Enbridge by 5.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,623 shares of the pipeline company's stock valued at $203,000 after acquiring an additional 280 shares during the period. North Star Investment Management Corp. boosted its holdings in Enbridge by 24.6% during the fourth quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company's stock worth $55,000 after buying an additional 300 shares in the last quarter. Capital Investment Counsel Inc grew its position in Enbridge by 5.2% during the fourth quarter. Capital Investment Counsel Inc now owns 6,564 shares of the pipeline company's stock valued at $237,000 after buying an additional 326 shares during the period. Azimuth Capital Investment Management LLC increased its holdings in Enbridge by 2.3% in the third quarter. Azimuth Capital Investment Management LLC now owns 15,537 shares of the pipeline company's stock valued at $518,000 after buying an additional 350 shares in the last quarter. Finally, River Street Advisors LLC raised its position in shares of Enbridge by 1.8% in the fourth quarter. River Street Advisors LLC now owns 21,349 shares of the pipeline company's stock worth $769,000 after acquiring an additional 385 shares during the period. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Price Performance

ENB stock traded down $0.01 during trading on Friday, hitting $36.75. The stock had a trading volume of 7,893,846 shares, compared to its average volume of 7,795,651. The company's 50-day moving average price is $35.77 and its two-hundred day moving average price is $35.26. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $38.37. The stock has a market capitalization of $78.13 billion, a P/E ratio of 18.65, a PEG ratio of 3.47 and a beta of 0.86. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.74.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 7.37%. This is a boost from Enbridge's previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 14th. Enbridge's payout ratio is presently 135.53%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group initiated coverage on Enbridge in a research note on Tuesday, February 27th. They issued a "buy" rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.