Trajan Wealth LLC Has $41.62 Million Holdings in Enbridge Inc $ENB

Trajan Wealth LLC raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 870,135 shares of the pipeline company’s stock after buying an additional 65,874 shares during the quarter. Enbridge accounts for 1.7% of Trajan Wealth LLC’s investment portfolio, making the stock its 15th largest holding. Trajan Wealth LLC’s holdings in Enbridge were worth $41,619,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ENB. Bank of Nova Scotia lifted its stake in Enbridge by 118.0% in the third quarter. Bank of Nova Scotia now owns 9,526,380 shares of the pipeline company’s stock valued at $480,518,000 after buying an additional 5,157,030 shares during the period. Vanguard Group Inc. raised its position in shares of Enbridge by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock worth $4,802,766,000 after purchasing an additional 2,067,516 shares during the period. Raymond James Financial Inc. raised its position in shares of Enbridge by 43.7% during the third quarter. Raymond James Financial Inc. now owns 6,633,703 shares of the pipeline company’s stock worth $334,737,000 after purchasing an additional 2,016,674 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Enbridge during the third quarter worth approximately $88,407,000. Finally, Kayne Anderson Capital Advisors LP raised its position in shares of Enbridge by 48.7% during the third quarter. Kayne Anderson Capital Advisors LP now owns 4,607,157 shares of the pipeline company’s stock worth $232,477,000 after purchasing an additional 1,508,300 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Up 0.6%

Shares of NYSE:ENB opened at $57.13 on Thursday. The company has a market capitalization of $124.76 billion, a PE ratio of 26.82 and a beta of 0.59. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.81 and a quick ratio of 0.73. The business has a fifty day moving average price of $54.04 and a two-hundred day moving average price of $50.63. Enbridge Inc has a 1 year low of $43.59 and a 1 year high of $57.49.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $8.49 billion. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.During the same quarter in the prior year, the company earned $1.03 EPS. Analysts forecast that Enbridge Inc will post 2.17 earnings per share for the current year.

Enbridge Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 6.8%. Enbridge’s dividend payout ratio is presently 133.80%.

Analysts Set New Price Targets

ENB has been the topic of a number of research reports. JPMorgan Chase & Co. lowered Enbridge from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 27th. Raymond James Financial raised Enbridge to a “moderate buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada upped their target price on Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. TD Securities lowered Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Enbridge Profile

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.