Bank of New Hampshire Acquires 787 Shares of Enbridge Inc. (NYSE:ENB)

Bank of New Hampshire lifted its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 21.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,400 shares of the pipeline company’s stock after acquiring an additional 787 shares during the period. Bank of New Hampshire’s holdings in Enbridge were worth $158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC grew its stake in shares of Enbridge by 5.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,623 shares of the pipeline company’s stock valued at $203,000 after buying an additional 280 shares in the last quarter. North Star Investment Management Corp. boosted its position in Enbridge by 24.6% during the fourth quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 300 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of Enbridge by 5.1% during the third quarter. First Citizens Bank & Trust Co. now owns 7,057 shares of the pipeline company’s stock worth $234,000 after buying an additional 341 shares in the last quarter. Marino Stram & Associates LLC lifted its holdings in shares of Enbridge by 1.6% during the third quarter. Marino Stram & Associates LLC now owns 21,685 shares of the pipeline company’s stock worth $720,000 after buying an additional 344 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC raised its stake in Enbridge by 2.3% in the third quarter. Azimuth Capital Investment Management LLC now owns 15,537 shares of the pipeline company’s stock valued at $518,000 after purchasing an additional 350 shares in the last quarter. 54.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several 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 assumed 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 assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.20.

Enbridge Stock Performance

NYSE:ENB traded up $0.60 during trading on Thursday, reaching $36.26. The company’s stock had a trading volume of 9,639,513 shares, compared to its average volume of 5,781,820. The firm has a market cap of $77.09 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.32 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The firm has a 50 day moving average of $35.12 and a 200-day moving average of $34.77. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. Research analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be paid a $0.677 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.66. This represents a $2.71 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend is Tuesday, May 14th. Enbridge’s payout ratio is 129.05%.

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.