Vise Technologies Inc. Purchases 21,100 Shares of Enbridge Inc $ENB

Vise Technologies Inc. lifted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 57.0% during the fourth quarter, Holdings Channel reports. The firm owned 58,117 shares of the pipeline company’s stock after acquiring an additional 21,100 shares during the period. Vise Technologies Inc.’s holdings in Enbridge were worth $2,780,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ENB. Norges Bank purchased a new stake in Enbridge during the fourth quarter worth about $1,195,559,000. Bank of Nova Scotia increased its holdings in Enbridge by 118.0% during the third quarter. Bank of Nova Scotia now owns 9,526,380 shares of the pipeline company’s stock worth $480,518,000 after buying an additional 5,157,030 shares during the last quarter. Vanguard Group Inc. increased its holdings in Enbridge by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock worth $4,802,766,000 after buying an additional 2,067,516 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Enbridge by 43.7% during the third quarter. Raymond James Financial Inc. now owns 6,633,703 shares of the pipeline company’s stock worth $334,737,000 after buying an additional 2,016,674 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in Enbridge during the third quarter worth about $88,407,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ENB shares. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. Wall Street Zen downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a report on Monday, May 11th. Finally, Royal Bank Of Canada raised their price objective on shares of Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Enbridge Price Performance

ENB opened at $56.34 on Friday. The company has a market capitalization of $123.04 billion, a price-to-earnings ratio of 26.45 and a beta of 0.58. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average price of $54.65 and a 200-day moving average price of $51.37. Enbridge Inc has a twelve month low of $43.59 and a twelve month high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $8.49 billion. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. During the same quarter last year, the company earned $1.03 earnings per share. Equities analysts expect that Enbridge Inc will post 2.2 EPS for the current year.

Enbridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.97 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 6.9%. Enbridge’s dividend payout ratio (DPR) is presently 133.80%.

Enbridge Company Profile

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.