Hantz Financial Services Inc. Has $8.32 Million Position in Enbridge Inc $ENB

Hantz Financial Services Inc. reduced its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 22.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 173,888 shares of the pipeline company’s stock after selling 51,233 shares during the period. Hantz Financial Services Inc.’s holdings in Enbridge were worth $8,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tsfg LLC increased its holdings in shares of Enbridge by 329.6% in the third quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 379 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Enbridge in the third quarter valued at $26,000. Turning Point Benefit Group Inc. acquired a new position in shares of Enbridge in the third quarter valued at $28,000. Imprint Wealth LLC acquired a new position in shares of Enbridge in the third quarter valued at $31,000. Finally, Garner Asset Management Corp acquired a new position in shares of Enbridge in the fourth quarter valued at $30,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on ENB shares. Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a research note on Friday. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a research note on Monday, May 11th. Citigroup restated a “buy” rating on shares of Enbridge in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. downgraded shares of Enbridge from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Enbridge has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Enbridge Trading Up 0.0%

Shares of Enbridge stock opened at $58.07 on Tuesday. The company has a market capitalization of $126.80 billion, a price-to-earnings ratio of 27.26 and a beta of 0.59. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.69. Enbridge Inc has a 12-month low of $43.59 and a 12-month high of $58.45. The firm’s 50-day moving average price is $54.30 and its two-hundred day moving average price is $50.88.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $8.49 billion. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. During the same period in the prior year, the company posted $1.03 earnings per share. On average, analysts forecast that Enbridge Inc will post 2.18 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, May 15th. Enbridge’s dividend payout ratio is presently 133.80%.

Enbridge Company 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.