Great Valley Advisor Group Inc. Has $569,000 Stake in Enbridge Inc. (NYSE:ENB)

Great Valley Advisor Group Inc. cut its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,792 shares of the pipeline company’s stock after selling 614 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Enbridge were worth $569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Enbridge during the fourth quarter worth about $25,000. Baystate Wealth Management LLC lifted its stake in Enbridge by 836.4% in the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 644 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Enbridge during the 4th quarter worth approximately $28,000. Financial Gravity Asset Management Inc. grew its stake in shares of Enbridge by 2,294.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 849 shares in the last quarter. Finally, Planned Solutions Inc. acquired a new stake in shares of Enbridge in the fourth quarter valued at approximately $34,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Performance

NYSE ENB opened at $36.34 on Friday. The firm has a market capitalization of $77.26 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 3.43 and a beta of 0.83. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30. The firm’s fifty day moving average price is $35.32 and its two-hundred day moving average price is $34.91. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $40.30.

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

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be paid a $0.677 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.71 annualized dividend and a yield of 7.45%. Enbridge’s dividend payout ratio is currently 129.05%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ENB. Stifel Nicolaus began coverage on shares of Enbridge in a report on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group started coverage on shares of Enbridge in a research note 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 issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.20.

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.