Enbridge Inc. (NYSE:ENB) Shares Acquired by First Bank & Trust

First Bank & Trust grew its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,171 shares of the pipeline company’s stock after purchasing an additional 451 shares during the quarter. First Bank & Trust’s holdings in Enbridge were worth $3,741,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. McIlrath & Eck LLC boosted its position in Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Albion Financial Group UT acquired a new stake in Enbridge during the fourth quarter worth approximately $29,000. MFA Wealth Advisors LLC boosted its position 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 acquiring an additional 280 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Enbridge during the third quarter worth approximately $35,000. Finally, Darwin Wealth Management LLC acquired a new stake in Enbridge during the third quarter worth approximately $37,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Performance

NYSE:ENB opened at $42.31 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. The company has a market cap of $92.20 billion, a P/E ratio of 24.60, a P/E/G ratio of 4.02 and a beta of 0.94. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $45.78. The firm’s 50 day moving average is $43.35 and its two-hundred day moving average is $41.84.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.15%. The company had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm posted $0.64 earnings per share. Analysts expect that Enbridge Inc. will post 2.15 EPS for the current year.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Friday, February 14th. Enbridge’s dividend payout ratio is presently 155.81%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ENB. Morgan Stanley began coverage on shares of Enbridge in a research report on Friday, October 25th. They set an “equal weight” rating on the stock. TD Securities initiated coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $67.00.

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.