World Investment Advisors Purchases 11,164 Shares of Enbridge Inc $ENB

World Investment Advisors lifted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 44.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,411 shares of the pipeline company’s stock after buying an additional 11,164 shares during the period. World Investment Advisors’ holdings in Enbridge were worth $1,743,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Enbridge during the fourth quarter worth $261,000. AQR Capital Management LLC boosted its position in Enbridge by 68.5% in the first quarter. AQR Capital Management LLC now owns 28,533 shares of the pipeline company’s stock worth $1,264,000 after purchasing an additional 11,599 shares during the last quarter. AXA S.A. grew its stake in Enbridge by 15.5% in the 2nd quarter. AXA S.A. now owns 113,887 shares of the pipeline company’s stock valued at $5,161,000 after purchasing an additional 15,259 shares during the period. Diversify Advisory Services LLC grew its stake in Enbridge by 93.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 22,016 shares of the pipeline company’s stock valued at $1,042,000 after purchasing an additional 10,617 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Enbridge by 80.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 78,507 shares of the pipeline company’s stock valued at $3,553,000 after purchasing an additional 34,912 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. Scotiabank restated an “outperform” rating on shares of Enbridge in a report on Monday, May 11th. Finally, Royal Bank Of Canada lifted their price objective on shares of Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Enbridge presently has an average rating of “Moderate Buy” and an average price target of $66.50.

Enbridge Price Performance

Shares of NYSE ENB opened at $54.53 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69. The stock has a fifty day simple moving average of $54.92 and a two-hundred day simple moving average of $51.89. Enbridge Inc has a 1-year low of $43.59 and a 1-year high of $58.45. The firm has a market cap of $119.08 billion, a price-to-earnings ratio of 25.60 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $8.49 billion. During the same period in the previous year, the company posted $1.03 earnings per share. Analysts anticipate that Enbridge Inc will post 2.18 earnings per share for the current year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Friday, May 15th. Enbridge’s payout ratio is currently 133.80%.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.