5,409 Shares in Enbridge Inc. (NYSE:ENB) Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC acquired a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,409 shares of the pipeline company’s stock, valued at approximately $240,000.

A number of other institutional investors have also recently added to or reduced their stakes in ENB. Brighton Jones LLC bought a new position in Enbridge during the 4th quarter worth $261,000. Blue Trust Inc. grew its stake in Enbridge by 34.4% during the 4th quarter. Blue Trust Inc. now owns 18,458 shares of the pipeline company’s stock worth $783,000 after buying an additional 4,722 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Enbridge by 4.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 5,941 shares of the pipeline company’s stock worth $252,000 after buying an additional 267 shares during the last quarter. Allworth Financial LP grew its stake in Enbridge by 516.1% during the 4th quarter. Allworth Financial LP now owns 69,604 shares of the pipeline company’s stock worth $3,115,000 after buying an additional 58,307 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Enbridge by 38.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 10,091 shares of the pipeline company’s stock worth $428,000 after buying an additional 2,822 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ENB shares. CIBC reiterated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a research report on Monday, May 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research report on Monday, May 12th. Finally, Citigroup started coverage on Enbridge in a research report on Friday, April 4th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.00.

Enbridge Trading Down 1.5%

Shares of Enbridge stock opened at $45.95 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The firm has a market cap of $100.20 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 3.92 and a beta of 0.81. The business has a fifty day simple moving average of $45.55 and a 200-day simple moving average of $44.01. Enbridge Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $47.44.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $7.27 billion during the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, equities analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were issued a dividend of $0.679 per share. This represents a $2.72 annualized dividend and a dividend yield of 5.91%. This is an increase from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. Enbridge’s dividend payout ratio is currently 139.69%.

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.