Enbridge Inc. (NYSE:ENB) Stake Boosted by Integrated Advisors Network LLC

Integrated Advisors Network LLC grew its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 316.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,710 shares of the pipeline company’s stock after purchasing an additional 45,380 shares during the quarter. Integrated Advisors Network LLC’s holdings in Enbridge were worth $2,646,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wintrust Investments LLC grew its holdings in shares of Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. GeoWealth Management LLC boosted its position in shares of Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock worth $32,000 after buying an additional 611 shares during the period. Capital A Wealth Management LLC acquired a new position in shares of Enbridge during the fourth quarter worth approximately $39,000. Hopwood Financial Services Inc. acquired a new position in shares of Enbridge during the fourth quarter worth approximately $42,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Enbridge by 731.7% during the first quarter. SJS Investment Consulting Inc. now owns 1,023 shares of the pipeline company’s stock worth $45,000 after buying an additional 900 shares during the period. 54.60% of the stock is owned by institutional investors.

Enbridge Price Performance

ENB opened at $45.85 on Thursday. The stock has a fifty day moving average of $45.24 and a 200-day moving average of $43.93. The firm has a market capitalization of $99.96 billion, a P/E ratio of 26.66, a PEG ratio of 3.92 and a beta of 0.81. Enbridge Inc. has a 12-month low of $34.60 and a 12-month high of $47.44. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

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

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were given a dividend of $0.679 per share. This represents a $2.72 annualized dividend and a yield of 5.92%. 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 is presently 139.69%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ENB. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a research report on Monday, May 12th. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a research report on Monday, May 12th. Raymond James upgraded Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $67.00 target price on shares of Enbridge in a research report on Monday, May 12th. Finally, CIBC reiterated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Enbridge presently has a consensus rating of “Hold” and an average target price of $67.00.

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.