Enbridge Inc. (NYSE:ENB) Stock Position Increased by Capital Investment Counsel Inc

Capital Investment Counsel Inc grew its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,564 shares of the pipeline company’s stock after buying an additional 326 shares during the period. Capital Investment Counsel Inc’s holdings in Enbridge were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC raised 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 valued at $269,000 after acquiring an additional 1,520 shares in the last quarter. PDS Planning Inc raised its stake in shares of Enbridge by 37.5% during the third quarter. PDS Planning Inc now owns 7,113 shares of the pipeline company’s stock valued at $239,000 after purchasing an additional 1,941 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in Enbridge by 61.5% in the third quarter. ST Germain D J Co. Inc. now owns 1,290 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 491 shares during the period. Commonwealth Equity Services LLC grew its position in Enbridge by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 891,930 shares of the pipeline company’s stock valued at $29,603,000 after buying an additional 40,418 shares in the last quarter. Finally, Accurate Wealth Management LLC increased its stake in Enbridge by 4.1% during the 3rd quarter. Accurate Wealth Management LLC now owns 8,966 shares of the pipeline company’s stock valued at $292,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Up 0.4 %

ENB stock opened at $35.97 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The firm has a market cap of $76.46 billion, a PE ratio of 17.13, a P/E/G ratio of 3.39 and a beta of 0.84. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $40.30. The firm has a 50 day simple moving average of $35.22 and a 200 day simple moving average of $34.85.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. Equities research analysts forecast that Enbridge Inc. will post 2.12 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be paid a $0.677 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.71 dividend on an annualized basis and a yield of 7.53%. This is a boost from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio (DPR) is currently 129.05%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Enbridge in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Stifel Nicolaus assumed coverage on Enbridge in a research report on Thursday, January 18th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.20.

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.