U.S. Capital Wealth Advisors LLC Increases Stock Position in Enbridge Inc. (NYSE:ENB)

U.S. Capital Wealth Advisors LLC increased its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,421 shares of the pipeline company’s stock after purchasing an additional 1,720 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Enbridge were worth $7,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENB. McIlrath & Eck LLC grew its stake in shares of Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 295 shares during the period. Albion Financial Group UT purchased a new position in shares of Enbridge in the fourth quarter worth approximately $29,000. Grove Bank & Trust boosted its holdings in shares of Enbridge by 56.7% in the third quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock worth $31,000 after buying an additional 279 shares during the last quarter. MFA Wealth Advisors LLC increased its holdings in Enbridge by 55.6% during the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after buying an additional 280 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in Enbridge in the third quarter worth approximately $35,000. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

ENB has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $63.00 price objective (up previously from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. TD Securities assumed coverage on Enbridge in a report on Wednesday, January 15th. They set a “buy” rating for the company. Wells Fargo & Company raised Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley assumed coverage on Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Enbridge presently has an average rating of “Hold” and an average price target of $63.00.

Enbridge Trading Down 2.7 %

Shares of ENB stock opened at $43.29 on Friday. The stock has a fifty day simple moving average of $43.11 and a two-hundred day simple moving average of $41.19. Enbridge Inc. has a 52-week low of $32.85 and a 52-week high of $45.78. The firm has a market capitalization of $94.31 billion, a PE ratio of 20.04, a PEG ratio of 4.11 and a beta of 0.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.40 by $0.15. The firm had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, analysts predict that Enbridge Inc. will post 1.97 EPS for the current fiscal year.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Friday, February 14th. Enbridge’s payout ratio is presently 121.76%.

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.