Enbridge Inc. (NYSE:ENB) Shares Sold by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC decreased its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,037 shares of the pipeline company’s stock after selling 855 shares during the period. Quadcap Wealth Management LLC’s holdings in Enbridge were worth $977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Enbridge by 8.3% in the third quarter. Barclays PLC now owns 584,020 shares of the pipeline company’s stock valued at $23,717,000 after buying an additional 44,675 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Enbridge by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company’s stock worth $655,556,000 after buying an additional 176,733 shares during the last quarter. Brookstone Capital Management raised its stake in shares of Enbridge by 7.7% during the 4th quarter. Brookstone Capital Management now owns 52,550 shares of the pipeline company’s stock worth $2,230,000 after buying an additional 3,759 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Enbridge by 5.0% during the 4th quarter. Wedmont Private Capital now owns 6,082 shares of the pipeline company’s stock worth $264,000 after buying an additional 292 shares during the last quarter. Finally, Accurate Wealth Management LLC raised its stake in shares of Enbridge by 145.8% during the 4th quarter. Accurate Wealth Management LLC now owns 21,620 shares of the pipeline company’s stock worth $940,000 after buying an additional 12,826 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ENB shares. National Bankshares reaffirmed a “sector perform” rating on shares of Enbridge in a research note on Monday. Raymond James raised shares of Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. CIBC restated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They issued a “buy” rating on the stock. Finally, BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a report on Monday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Enbridge has an average rating of “Hold” and an average price target of $67.00.

Enbridge Trading Up 0.1%

Shares of ENB stock opened at $44.90 on Friday. The firm has a market cap of $97.88 billion, a P/E ratio of 26.10, a PEG ratio of 3.92 and a beta of 0.84. Enbridge Inc. has a 1-year low of $34.60 and a 1-year high of $47.08. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The firm’s 50-day simple moving average is $44.44 and its 200-day simple moving average is $43.40.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the prior year, the firm posted $0.92 EPS. As a group, equities analysts forecast that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.679 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Thursday, May 15th. Enbridge’s dividend payout ratio is presently 139.69%.

About Enbridge

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.