Capital Investment Advisors LLC Acquires 1,054 Shares of Enbridge Inc. (NYSE:ENB)

Capital Investment Advisors LLC boosted its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,281 shares of the pipeline company’s stock after acquiring an additional 1,054 shares during the quarter. Capital Investment Advisors LLC’s holdings in Enbridge were worth $2,184,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wintrust Investments LLC lifted its position in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 238 shares in the last quarter. GeoWealth Management LLC lifted its position in Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. Capital A Wealth Management LLC bought a new position in Enbridge in the 4th quarter valued at about $39,000. Hopwood Financial Services Inc. bought a new position in Enbridge in the 4th quarter valued at about $42,000. Finally, Vision Financial Markets LLC bought a new position in Enbridge in the 4th quarter valued at about $47,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.8%

Shares of ENB stock opened at $46.49 on Monday. The company has a 50 day moving average of $45.17 and a 200-day moving average of $43.88. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 12-month low of $34.60 and a 12-month high of $47.44. The firm has a market cap of $101.35 billion, a P/E ratio of 27.03, a PEG ratio of 3.92 and a beta of 0.81.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The company had revenue of $7.27 billion during the quarter, compared to analyst estimates of $10.20 billion. During the same quarter last year, the business posted $0.92 EPS. Sell-side analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were paid a dividend of $0.679 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.72 annualized dividend and a dividend yield of 5.84%. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio (DPR) is presently 139.69%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ENB. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a research report on Monday, May 12th. CIBC reissued an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. National Bankshares reissued a “sector perform” rating on shares of Enbridge in a research report on Monday, May 12th. Citigroup began coverage on shares of Enbridge in a research report on Friday, April 4th. They set a “buy” rating on the stock. Finally, Raymond James raised shares of Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.00.

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.