13,041 Shares in Enbridge Inc. (NYSE:ENB) Acquired by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC bought a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,041 shares of the pipeline company’s stock, valued at approximately $470,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Enbridge by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock valued at $2,704,715,000 after buying an additional 4,400,848 shares in the last quarter. Wellington Management Group LLP grew its holdings in Enbridge by 630.3% in the 3rd quarter. Wellington Management Group LLP now owns 32,531,108 shares of the pipeline company’s stock valued at $1,083,938,000 after buying an additional 28,076,386 shares in the last quarter. TD Asset Management Inc grew its holdings in Enbridge by 2.2% in the 3rd quarter. TD Asset Management Inc now owns 30,213,082 shares of the pipeline company’s stock valued at $1,006,729,000 after buying an additional 664,057 shares in the last quarter. Bank of Nova Scotia grew its holdings in Enbridge by 5.1% in the 3rd quarter. Bank of Nova Scotia now owns 28,085,040 shares of the pipeline company’s stock valued at $931,516,000 after buying an additional 1,353,753 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Enbridge by 13.9% in the 3rd quarter. Mackenzie Financial Corp now owns 22,523,066 shares of the pipeline company’s stock valued at $710,961,000 after buying an additional 2,756,079 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on ENB shares. Stifel Nicolaus started coverage on Enbridge in a research report on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group started coverage on Enbridge in a research report on Tuesday, February 27th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Enbridge has an average rating of “Hold” and an average target price of $55.20.

Enbridge Stock Down 1.2 %

Shares of ENB stock traded down $0.44 during trading hours on Friday, reaching $35.82. The company had a trading volume of 4,385,230 shares, compared to its average volume of 6,269,155. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $40.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The business has a fifty day simple moving average of $35.19 and a 200-day simple moving average of $34.82. The company has a market cap of $76.15 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 3.36 and a beta of 0.84.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $9.62 billion. On average, research analysts expect that Enbridge Inc. will post 2.12 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be paid a $0.677 dividend. 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 7.56%. The ex-dividend date is Tuesday, May 14th. Enbridge’s dividend payout ratio is currently 129.05%.

Enbridge 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.