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

HBW Advisory Services LLC grew its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,970 shares of the pipeline company’s stock after purchasing an additional 591 shares during the period. HBW Advisory Services LLC’s holdings in Enbridge were worth $3,563,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Franklin Street Advisors Inc. NC purchased a new position in shares of Enbridge during the 4th quarter worth about $4,326,000. ST Germain D J Co. Inc. lifted its holdings in shares of Enbridge by 81.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,560 shares of the pipeline company’s stock worth $66,000 after acquiring an additional 700 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Enbridge by 70.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company’s stock worth $52,648,000 after acquiring an additional 536,818 shares during the period. Baker Tilly Wealth Management LLC lifted its holdings in shares of Enbridge by 9.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 29,198 shares of the pipeline company’s stock worth $1,239,000 after acquiring an additional 2,563 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Enbridge during the 4th quarter worth about $42,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $63.00 price target (up from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Finally, Morgan Stanley started coverage on shares of Enbridge in a research report on Friday, October 25th. They set an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.00.

Enbridge Trading Down 1.2 %

ENB stock traded down $0.52 during midday trading on Friday, reaching $43.50. 2,337,886 shares of the company’s stock traded hands, compared to its average volume of 2,703,986. The company has a market capitalization of $94.76 billion, a P/E ratio of 20.14, a PEG ratio of 4.14 and a beta of 0.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $44.13. The business has a 50-day moving average price of $42.45 and a two-hundred day moving average price of $40.17.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The firm had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the company posted $0.46 earnings per share. Equities research analysts forecast that Enbridge Inc. will post 2.03 EPS for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 annualized dividend and a yield of 6.16%. Enbridge’s payout ratio is 124.07%.

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.