Enbridge Inc (NYSE:ENB) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC boosted its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 9.1% in the first quarter, HoldingsChannel.com reports. The firm owned 6,710 shares of the pipeline company’s stock after purchasing an additional 562 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Enbridge were worth $297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aviso Financial Inc. lifted its holdings in shares of Enbridge by 4.3% in the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company’s stock valued at $60,152,000 after buying an additional 58,176 shares during the period. Vanguard Group Inc. raised its position in Enbridge by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company’s stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. Greenland Capital Management LP lifted its holdings in Enbridge by 189.1% in the 4th quarter. Greenland Capital Management LP now owns 35,410 shares of the pipeline company’s stock valued at $1,502,000 after acquiring an additional 23,160 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Enbridge by 6.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 438,557 shares of the pipeline company’s stock valued at $19,431,000 after purchasing an additional 25,071 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Enbridge by 20.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,818,919 shares of the pipeline company’s stock worth $289,044,000 after purchasing an additional 1,135,000 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ENB. Citigroup began coverage on shares of Enbridge in a research note on Friday, April 4th. They set a “buy” rating for the company. Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a research report on Monday, May 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $67.00 price target on shares of Enbridge in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.00.

Enbridge Trading Down 0.1%

Enbridge stock opened at $44.76 on Monday. Enbridge Inc has a 52 week low of $35.10 and a 52 week high of $47.44. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. The firm has a market capitalization of $97.58 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 4.22 and a beta of 0.79. The company has a 50 day moving average price of $45.73 and a 200 day moving average price of $44.27.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. The business had revenue of $7.27 billion during the quarter, compared to analysts’ expectations of $10.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Research analysts forecast that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were given a dividend of $0.679 per share. The ex-dividend date was Thursday, May 15th. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 6.07%. Enbridge’s dividend payout ratio (DPR) is presently 140.21%.

Enbridge Company 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.