O Keefe Stevens Advisory Inc. Boosts Position in Enbridge Inc. (NYSE:ENB)

O Keefe Stevens Advisory Inc. raised its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 22.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,983 shares of the pipeline company’s stock after buying an additional 4,753 shares during the period. Enbridge comprises 0.4% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 29th largest position. O Keefe Stevens Advisory Inc.’s holdings in Enbridge were worth $1,151,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ENB. NBC Securities Inc. lifted its holdings in shares of Enbridge by 123,872.7% during the 1st quarter. NBC Securities Inc. now owns 13,637 shares of the pipeline company’s stock valued at $604,000 after acquiring an additional 13,626 shares in the last quarter. Fiduciary Alliance LLC raised its position in Enbridge by 1.7% in the first quarter. Fiduciary Alliance LLC now owns 20,052 shares of the pipeline company’s stock valued at $888,000 after purchasing an additional 341 shares during the period. Baker Tilly Wealth Management LLC lifted its stake in shares of Enbridge by 1.1% during the first quarter. Baker Tilly Wealth Management LLC now owns 29,517 shares of the pipeline company’s stock worth $1,308,000 after purchasing an additional 319 shares in the last quarter. Hardin Capital Partners LLC lifted its stake in shares of Enbridge by 2.7% during the first quarter. Hardin Capital Partners LLC now owns 9,553 shares of the pipeline company’s stock worth $423,000 after purchasing an additional 252 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its position in shares of Enbridge by 17.2% in the first quarter. Mirador Capital Partners LP now owns 12,836 shares of the pipeline company’s stock worth $569,000 after buying an additional 1,885 shares during the period. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Stock Performance

Enbridge stock opened at $46.50 on Monday. Enbridge Inc. has a 52 week low of $34.60 and a 52 week high of $47.08. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a market cap of $101.37 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 3.92 and a beta of 0.84. The stock has a 50 day moving average of $44.93 and a 200-day moving average of $43.74.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $7.27 billion for the quarter, compared to analysts’ expectations 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 company posted $0.92 earnings per share. On average, analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were paid a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.84%. This is an increase from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. Enbridge’s dividend payout ratio (DPR) is 139.69%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ENB. Raymond James upgraded Enbridge to a “moderate buy” rating in a report on Wednesday, April 23rd. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research note on Monday, May 12th. National Bankshares reissued a “sector perform” rating on shares of Enbridge in a research report on Monday, May 12th. Citigroup started coverage on shares of Enbridge in a report on Friday, April 4th. They set a “buy” rating for the company. Finally, Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.00.

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.