Jamison Private Wealth Management Inc. Purchases 3,733 Shares of Enbridge Inc (NYSE:ENB)

Jamison Private Wealth Management Inc. raised its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 15.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,171 shares of the pipeline company’s stock after purchasing an additional 3,733 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Enbridge were worth $1,204,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ENB. Norges Bank bought a new stake in shares of Enbridge during the 4th quarter valued at about $909,415,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Enbridge by 396.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company’s stock valued at $510,816,000 after purchasing an additional 9,621,425 shares during the period. Blackstone Inc. grew its stake in shares of Enbridge by 650.7% during the 4th quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company’s stock valued at $242,619,000 after acquiring an additional 4,956,379 shares during the period. Deutsche Bank AG grew its stake in shares of Enbridge by 13.9% during the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company’s stock valued at $1,541,745,000 after acquiring an additional 4,426,684 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Enbridge during the 4th quarter valued at approximately $180,941,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Trading Down 0.6%

Shares of NYSE ENB opened at $44.71 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. The stock has a market capitalization of $97.47 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 4.24 and a beta of 0.81. Enbridge Inc has a 1-year low of $34.61 and a 1-year high of $47.44. The business has a fifty day moving average price of $45.80 and a 200 day moving average price of $44.05.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data 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 return on equity of 10.41% and a net margin of 10.16%. The firm had revenue of $7.27 billion during the quarter, compared to analysts’ expectations of $10.20 billion. During the same period in the prior year, the business posted $0.92 EPS. Equities research analysts expect that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were paid a $0.679 dividend. The ex-dividend date was Thursday, May 15th. This is a boost from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 6.08%. Enbridge’s dividend payout ratio (DPR) is 139.69%.

Wall Street Analysts Forecast Growth

ENB has been the subject of a number of recent research reports. CIBC reiterated an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research note on Monday, May 12th. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a research note on Monday, May 12th. Finally, Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.