6,118 Shares in Enbridge Inc. (NYSE:ENB) Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated acquired a new position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 6,118 shares of the pipeline company’s stock, valued at approximately $220,000.

Other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in Enbridge in the 4th quarter worth approximately $25,000. Baystate Wealth Management LLC raised its position in Enbridge by 836.4% in the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in Enbridge in the 4th quarter worth approximately $28,000. Financial Gravity Asset Management Inc. raised its position in Enbridge by 2,294.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 849 shares during the last quarter. Finally, Planned Solutions Inc. bought a new stake in shares of Enbridge during the 4th quarter valued at $34,000. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

ENB has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on shares of Enbridge in a research report on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group initiated coverage on shares of Enbridge in a research report on Tuesday, February 27th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Enbridge has a consensus rating of “Hold” and an average target price of $55.20.

Enbridge Price Performance

Shares of ENB stock opened at $35.60 on Thursday. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $40.30. The firm has a market capitalization of $75.67 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.83. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average of $35.26 and a 200-day moving average of $34.88.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. On average, equities research analysts forecast that Enbridge Inc. will post 2.12 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a $0.677 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 14th. This represents a $2.71 annualized dividend and a dividend yield of 7.61%. Enbridge’s payout ratio is 129.05%.

Enbridge 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.