Captrust Financial Advisors Cuts Stock Holdings in Enbridge Inc. (NYSE:ENB)

Captrust Financial Advisors lessened its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 349,780 shares of the pipeline company’s stock after selling 1,230 shares during the quarter. Captrust Financial Advisors’ holdings in Enbridge were worth $14,841,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Albion Financial Group UT acquired a new stake in Enbridge during the 4th quarter worth $29,000. Wintrust Investments LLC boosted its position in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 238 shares during the last quarter. GeoWealth Management LLC grew its stake in Enbridge by 436.4% during the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. raised its holdings in Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 580 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in Enbridge in the 4th quarter worth approximately $42,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ENB shares. Royal Bank of Canada increased their price target on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. CIBC reaffirmed an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. TD Securities initiated coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Citigroup began coverage on shares of Enbridge in a research report on Friday, April 4th. They set a “buy” rating for the company. Finally, Raymond James raised shares of Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Enbridge Trading Down 0.8 %

NYSE ENB opened at $46.21 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The stock has a market capitalization of $100.74 billion, a P/E ratio of 26.87, a PEG ratio of 3.92 and a beta of 0.84. The firm’s 50-day moving average is $44.00 and its two-hundred day moving average is $43.21. Enbridge Inc. has a 12 month low of $34.60 and a 12 month high of $47.08.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the business posted $0.64 EPS. On average, sell-side analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be paid a $0.679 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.88%. Enbridge’s payout ratio is presently 157.56%.

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.