Lloyd Advisory Services LLC. Has $224,000 Position in Enbridge Inc. (NYSE:ENB)

Lloyd Advisory Services LLC. decreased its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,291 shares of the pipeline company’s stock after selling 641 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in Enbridge were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new stake in shares of Enbridge during the 4th quarter worth about $85,000. Allianz Asset Management GmbH grew its stake in Enbridge by 9.2% in the 4th quarter. Allianz Asset Management GmbH now owns 1,148,864 shares of the pipeline company’s stock valued at $48,736,000 after buying an additional 96,591 shares during the last quarter. Boston Financial Mangement LLC bought a new position in Enbridge in the 4th quarter valued at about $224,000. First Bank & Trust lifted its position in Enbridge by 0.5% during the fourth quarter. First Bank & Trust now owns 88,171 shares of the pipeline company’s stock worth $3,741,000 after acquiring an additional 451 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Enbridge by 1.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 50,095 shares of the pipeline company’s stock worth $2,126,000 after acquiring an additional 841 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Price Performance

Shares of NYSE ENB opened at $41.74 on Friday. The business has a fifty day moving average price of $43.35 and a two-hundred day moving average price of $41.87. The stock has a market capitalization of $90.94 billion, a PE ratio of 24.26, a P/E/G ratio of 3.95 and a beta of 0.94. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $45.78.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. As a group, equities analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is Friday, February 14th. Enbridge’s dividend payout ratio (DPR) is presently 155.81%.

Wall Street Analyst Weigh In

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

About Enbridge

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.