Jefferies Financial Group Inc. Invests $784,000 in Enbridge Inc $ENB

Jefferies Financial Group Inc. acquired a new position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,392 shares of the pipeline company’s stock, valued at approximately $784,000.

Several other large investors also recently modified their holdings of ENB. Bank of Nova Scotia grew its position in shares of Enbridge by 118.0% during the 3rd quarter. Bank of Nova Scotia now owns 9,526,380 shares of the pipeline company’s stock worth $480,518,000 after buying an additional 5,157,030 shares during the period. Vanguard Group Inc. grew its position in shares of Enbridge by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock worth $4,802,766,000 after buying an additional 2,067,516 shares during the period. Raymond James Financial Inc. grew its position in shares of Enbridge by 43.7% during the 3rd quarter. Raymond James Financial Inc. now owns 6,633,703 shares of the pipeline company’s stock worth $334,737,000 after buying an additional 2,016,674 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Enbridge during the 3rd quarter worth approximately $88,407,000. Finally, Kayne Anderson Capital Advisors LP grew its position in shares of Enbridge by 48.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,607,157 shares of the pipeline company’s stock worth $232,477,000 after buying an additional 1,508,300 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Performance

NYSE ENB opened at $54.75 on Friday. The company has a fifty day simple moving average of $54.45 and a 200 day simple moving average of $51.09. Enbridge Inc has a 12-month low of $43.59 and a 12-month high of $58.45. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69. The company has a market cap of $119.56 billion, a P/E ratio of 25.71 and a beta of 0.59.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $8.49 billion. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. During the same period in the previous year, the firm earned $1.03 EPS. Sell-side analysts predict that Enbridge Inc will post 2.18 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, May 15th. Enbridge’s payout ratio is currently 133.80%.

Analysts Set New Price Targets

Several analysts recently issued reports on ENB shares. Scotiabank reissued an “outperform” rating on shares of Enbridge in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a research report on Tuesday, February 17th. Wall Street Zen downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Enbridge presently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.