Hantz Financial Services Inc. Sells 51,233 Shares of Enbridge Inc $ENB

Hantz Financial Services Inc. lowered its stake in Enbridge Inc (NYSE:ENBFree Report) (TSE:ENB) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,888 shares of the pipeline company’s stock after selling 51,233 shares during the quarter. Hantz Financial Services Inc.’s holdings in Enbridge were worth $8,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ENB. Bank of Nova Scotia lifted its stake in Enbridge by 118.0% in the third quarter. Bank of Nova Scotia now owns 9,526,380 shares of the pipeline company’s stock valued at $480,518,000 after buying an additional 5,157,030 shares in the last quarter. Vanguard Group Inc. lifted its stake in Enbridge by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock valued at $4,802,766,000 after buying an additional 2,067,516 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Enbridge by 43.7% in the third quarter. Raymond James Financial Inc. now owns 6,633,703 shares of the pipeline company’s stock valued at $334,737,000 after buying an additional 2,016,674 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Enbridge in the third quarter valued at approximately $88,407,000. Finally, Kayne Anderson Capital Advisors LP lifted its stake in Enbridge by 48.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 4,607,157 shares of the pipeline company’s stock valued at $232,477,000 after buying an additional 1,508,300 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ENB shares. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a research note on Friday. Scotiabank reissued an “outperform” rating on shares of Enbridge in a research report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a research report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Enbridge in a research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Check Out Our Latest Stock Report on Enbridge

Enbridge Price Performance

Shares of ENB opened at $58.07 on Tuesday. The company has a market cap of $126.80 billion, a price-to-earnings ratio of 27.26 and a beta of 0.59. Enbridge Inc has a 1-year low of $43.59 and a 1-year high of $58.45. The company’s fifty day simple moving average is $54.30 and its 200 day simple moving average is $50.88. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENBGet Free Report) (TSE:ENB) last issued its earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $9.37 billion for 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 period in the previous year, the company earned $1.03 earnings per share. On average, research analysts forecast that Enbridge Inc will post 2.18 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Friday, May 15th. Enbridge’s payout ratio is currently 133.80%.

Enbridge Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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