Enbridge Inc. (NYSE:ENB) Shares Acquired by HBW Advisory Services LLC

HBW Advisory Services LLC boosted its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,820 shares of the pipeline company’s stock after purchasing an additional 850 shares during the quarter. HBW Advisory Services LLC’s holdings in Enbridge were worth $3,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wintrust Investments LLC raised its holdings in shares of Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after buying an additional 238 shares during the last quarter. GeoWealth Management LLC increased its position in Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 611 shares during the period. Capital A Wealth Management LLC bought a new stake in Enbridge during the 4th quarter valued at $39,000. Hopwood Financial Services Inc. acquired a new position in Enbridge during the 4th quarter worth $42,000. Finally, Vision Financial Markets LLC acquired a new position in Enbridge during the 4th quarter worth $47,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of Enbridge stock opened at $47.16 on Tuesday. Enbridge Inc. has a 52 week low of $34.60 and a 52 week high of $47.23. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a market cap of $102.80 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 3.92 and a beta of 0.84. The company’s 50-day moving average price is $44.98 and its two-hundred day moving average price is $43.77.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. During the same period in the previous year, the firm earned $0.92 EPS. As a group, sell-side analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were given a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Thursday, May 15th. This is an increase from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio is 139.69%.

Wall Street Analysts Forecast Growth

ENB has been the topic of a number of research analyst reports. Citigroup assumed coverage on Enbridge in a report on Friday, April 4th. They set a “buy” rating on the stock. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. CIBC restated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a report on Monday, May 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $67.00 price objective on shares of Enbridge in a research note on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.00.

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.