Enbridge Inc. (NYSE:ENB) Shares Purchased by XML Financial LLC

XML Financial LLC boosted its stake in Enbridge Inc. (NYSE:ENBFree Report) (TSE:ENB) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,401 shares of the pipeline company’s stock after buying an additional 827 shares during the period. XML Financial LLC’s holdings in Enbridge were worth $627,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Enbridge by 98.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company’s stock valued at $54,578,000 after purchasing an additional 815,850 shares during the period. S.E.E.D. Planning Group LLC increased its holdings in shares of Enbridge by 81.1% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock valued at $8,272,000 after purchasing an additional 102,850 shares during the period. Clarius Group LLC grew its holdings in Enbridge by 25.2% during the fourth quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock worth $289,000 after acquiring an additional 1,617 shares during the period. Private Trust Co. NA grew its holdings in Enbridge by 5.7% during the fourth quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock worth $318,000 after acquiring an additional 473 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Enbridge by 5.7% during the third quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock worth $2,704,715,000 after acquiring an additional 4,400,848 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Jefferies Financial Group initiated coverage on Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Enbridge has an average rating of “Hold” and a consensus target price of $55.20.

Check Out Our Latest Research Report on ENB

Enbridge Trading Down 0.3 %

NYSE:ENB opened at $35.67 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. Enbridge Inc. has a 1-year low of $31.03 and a 1-year high of $38.37. The firm has a market capitalization of $75.84 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 3.39 and a beta of 0.90. The stock has a fifty day simple moving average of $35.88 and a 200 day simple moving average of $35.60.

Enbridge (NYSE:ENBGet Free Report) (TSE:ENB) last released its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. The business had revenue of $8.19 billion during the quarter, compared to analyst estimates of $9 billion. Sell-side analysts forecast that Enbridge Inc. will post 2.11 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th were given a dividend of $0.677 per share. The ex-dividend date was Tuesday, May 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. This represents a $2.71 dividend on an annualized basis and a yield of 7.59%. Enbridge’s dividend payout ratio (DPR) is presently 136.04%.

Enbridge Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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