SL Advisors LLC Has $1.59 Million Stock Position in Enbridge Inc. (NYSE:ENB)

SL Advisors LLC trimmed its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,368 shares of the pipeline company’s stock after selling 1,482 shares during the period. Enbridge accounts for 2.6% of SL Advisors LLC’s holdings, making the stock its 11th largest position. SL Advisors LLC’s holdings in Enbridge were worth $1,586,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ENB. William B. Walkup & Associates Inc. acquired a new stake in Enbridge during the second quarter worth about $28,000. McIlrath & Eck LLC increased its stake in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 295 shares during the last quarter. Grove Bank & Trust raised its position in Enbridge by 56.7% during the third quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 279 shares in the last quarter. MFA Wealth Advisors LLC lifted its stake in Enbridge by 55.6% during the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 280 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in shares of Enbridge in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Up 0.2 %

NYSE ENB traded up $0.09 during trading hours on Wednesday, reaching $43.73. The company’s stock had a trading volume of 1,433,577 shares, compared to its average volume of 2,515,644. The stock has a market cap of $95.26 billion, a P/E ratio of 20.25, a P/E/G ratio of 4.14 and a beta of 0.93. The firm has a fifty day simple moving average of $42.30 and a 200-day simple moving average of $40.12. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. Enbridge Inc. has a 52 week low of $32.85 and a 52 week high of $44.13.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. The firm had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same quarter in the previous year, the company posted $0.46 EPS. Equities analysts forecast that Enbridge Inc. will post 2.03 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 6.13%. Enbridge’s payout ratio is currently 124.07%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ENB shares. Wells Fargo & Company raised Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $63.00 price target (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Morgan Stanley began coverage on shares of Enbridge in a research report on Friday, October 25th. They issued an “equal weight” rating on the stock. Finally, Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.00.

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.