Vise Technologies Inc. Buys 21,100 Shares of Enbridge Inc $ENB

Vise Technologies Inc. increased its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 57.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,117 shares of the pipeline company’s stock after acquiring an additional 21,100 shares during the quarter. Vise Technologies Inc.’s holdings in Enbridge were worth $2,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ENB. Norges Bank bought a new position in Enbridge during the fourth quarter worth $1,195,559,000. Bank of Nova Scotia boosted its stake in Enbridge by 118.0% during the third quarter. Bank of Nova Scotia now owns 9,526,380 shares of the pipeline company’s stock worth $480,518,000 after acquiring an additional 5,157,030 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Enbridge by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock valued at $4,802,766,000 after buying an additional 2,067,516 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Enbridge by 43.7% in the third quarter. Raymond James Financial Inc. now owns 6,633,703 shares of the pipeline company’s stock valued at $334,737,000 after buying an additional 2,016,674 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Enbridge in the third quarter valued at $88,407,000. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Down 0.7%

Enbridge stock opened at $56.34 on Friday. Enbridge Inc has a 1-year low of $43.59 and a 1-year high of $58.45. The firm has a market capitalization of $123.04 billion, a price-to-earnings ratio of 26.45 and a beta of 0.58. The firm’s fifty day moving average price is $54.65 and its two-hundred day moving average price is $51.37. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $8.49 billion. During the same period last year, the firm earned $1.03 earnings per share. On average, equities research analysts predict that Enbridge Inc will post 2.2 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

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

Analyst Ratings Changes

ENB has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a research note on Tuesday, February 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a research note on Tuesday, February 17th. Royal Bank Of Canada raised their price objective on shares of Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a research note on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Enbridge presently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

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.