Enbridge Inc $ENB Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 449,923 shares of the pipeline company’s stock after acquiring an additional 19,658 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Enbridge were worth $21,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trajan Wealth LLC grew its position in Enbridge by 15.3% in the third quarter. Trajan Wealth LLC now owns 804,261 shares of the pipeline company’s stock valued at $40,583,000 after acquiring an additional 106,784 shares in the last quarter. Principal Financial Group Inc. grew its position in Enbridge by 7.7% in the third quarter. Principal Financial Group Inc. now owns 339,147 shares of the pipeline company’s stock valued at $17,113,000 after acquiring an additional 24,165 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Enbridge by 3.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,121,715 shares of the pipeline company’s stock valued at $53,652,000 after acquiring an additional 41,601 shares in the last quarter. Viking Fund Management LLC grew its position in Enbridge by 35.2% in the fourth quarter. Viking Fund Management LLC now owns 236,000 shares of the pipeline company’s stock valued at $11,288,000 after acquiring an additional 61,500 shares in the last quarter. Finally, Third View Private Wealth LLC acquired a new stake in Enbridge in the fourth quarter valued at approximately $3,691,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ENB shares. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. Citigroup reaffirmed a “buy” rating on shares of Enbridge in a report on Thursday, February 19th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada raised their target price on Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enbridge has a consensus rating of “Moderate Buy” and an average target price of $66.50.

Enbridge Stock Performance

ENB stock opened at $55.39 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a market capitalization of $120.94 billion, a price-to-earnings ratio of 26.00 and a beta of 0.58. Enbridge Inc has a 1 year low of $43.59 and a 1 year high of $58.45. The stock’s fifty day moving average is $54.66 and its two-hundred day moving average is $51.44.

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

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.88 annualized dividend and a yield of 7.0%. Enbridge’s dividend payout ratio is presently 133.80%.

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.