Dohj LLC Increases Position in Enbridge Inc. (NYSE:ENB)

Dohj LLC lifted its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,808 shares of the pipeline company’s stock after purchasing an additional 1,546 shares during the period. Dohj LLC’s holdings in Enbridge were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ENB. KRS Capital Management LLC increased its stake in shares of Enbridge by 40.9% in the 3rd quarter. KRS Capital Management LLC now owns 8,443 shares of the pipeline company’s stock valued at $283,000 after purchasing an additional 2,450 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Enbridge by 12.9% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 43,084 shares of the pipeline company’s stock worth $1,430,000 after buying an additional 4,932 shares in the last quarter. KG&L Capital Management LLC increased its stake in Enbridge by 13.7% during the 3rd quarter. KG&L Capital Management LLC now owns 9,511 shares of the pipeline company’s stock worth $316,000 after buying an additional 1,143 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Enbridge by 23.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 8,101 shares of the pipeline company’s stock worth $269,000 after buying an additional 1,520 shares in the last quarter. Finally, InTrack Investment Management Inc increased its stake in Enbridge by 14.1% during the 3rd quarter. InTrack Investment Management Inc now owns 7,682 shares of the pipeline company’s stock worth $255,000 after buying an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Stock Down 1.2 %

Shares of ENB traded down $0.44 during midday trading on Friday, hitting $35.82. The company had a trading volume of 4,385,230 shares, compared to its average volume of 6,269,155. The company’s 50 day moving average price is $35.19 and its 200 day moving average price is $34.80. The stock has a market cap of $76.15 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 3.40 and a beta of 0.84. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $40.30. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. On average, equities research analysts predict that Enbridge Inc. will post 2.13 EPS for the current year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date is Tuesday, May 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio is currently 129.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ENB shares. Stifel Nicolaus started coverage on Enbridge in a research note on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group initiated coverage on Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.20.

About Enbridge

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.