Natixis Advisors LLC Has $42.15 Million Position in Enbridge Inc $ENB

Natixis Advisors LLC raised its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 881,229 shares of the pipeline company’s stock after purchasing an additional 19,506 shares during the period. Natixis Advisors LLC’s holdings in Enbridge were worth $42,149,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC increased its holdings in Enbridge by 329.6% in the third quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock worth $25,000 after buying an additional 379 shares during the last quarter. Triumph Capital Management acquired a new position in Enbridge in the third quarter worth approximately $26,000. Turning Point Benefit Group Inc. acquired a new position in Enbridge in the third quarter worth approximately $28,000. Garner Asset Management Corp acquired a new position in Enbridge in the fourth quarter worth approximately $30,000. Finally, Imprint Wealth LLC acquired a new position in Enbridge in the third quarter worth approximately $31,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Down 0.8%

Shares of ENB stock opened at $55.87 on Thursday. Enbridge Inc has a 12 month low of $43.59 and a 12 month high of $58.45. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.69. The business’s 50 day moving average is $54.56 and its two-hundred day moving average is $51.27. The company has a market cap of $122.01 billion, a PE ratio of 26.23 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $8.49 billion. During the same quarter last year, the company posted $1.03 earnings per share. Equities analysts predict that Enbridge Inc will post 2.2 EPS for the current year.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 6.9%. The ex-dividend date was Friday, May 15th. Enbridge’s dividend payout ratio (DPR) is 133.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ENB shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a report on Monday, May 11th. Royal Bank Of Canada increased their price objective on Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Scotiabank restated an “outperform” rating on shares of Enbridge in a report on Monday, May 11th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enbridge presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

About Enbridge

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.