Enbridge Inc. (NYSE:ENB) Stock Holdings Lifted by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 11.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,884 shares of the pipeline company’s stock after purchasing an additional 11,226 shares during the quarter. Private Advisor Group LLC’s holdings in Enbridge were worth $3,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Enbridge during the fourth quarter valued at $25,000. Baystate Wealth Management LLC increased its stake 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 during the period. Tennessee Valley Asset Management Partners bought a new stake in Enbridge during the fourth quarter worth approximately $28,000. Financial Gravity Asset Management Inc. increased its position in shares of Enbridge by 2,294.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 849 shares during the period. Finally, Planned Solutions Inc. acquired a new position in Enbridge during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ENB shares. Stifel Nicolaus initiated coverage on shares of Enbridge in a research report on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group began coverage on shares of Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Enbridge currently has a consensus rating of “Hold” and an average price target of $55.20.

Enbridge Price Performance

Shares of ENB opened at $37.37 on Friday. The business’s 50-day moving average is $35.47 and its 200-day moving average is $35.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The company has a market capitalization of $79.45 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 3.43 and a beta of 0.87. Enbridge Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $40.22.

Enbridge (NYSE:ENB) (TSE:ENB) last released 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 net margin of 13.97% and a return on equity of 10.23%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. Equities research analysts expect that Enbridge Inc. will post 2.12 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 7.25%. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 14th. Enbridge’s dividend payout ratio (DPR) is currently 127.14%.

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.