Sivia Capital Partners LLC Takes Position in Enbridge Inc. (NYSE:ENB)

Sivia Capital Partners LLC purchased a new stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the first quarter, Holdings Channel reports. The firm purchased 5,393 shares of the pipeline company’s stock, valued at approximately $239,000.

Other large investors have also made changes to their positions in the company. Stokes Capital Advisors LLC grew its holdings in Enbridge by 0.7% in the 1st quarter. Stokes Capital Advisors LLC now owns 106,560 shares of the pipeline company’s stock valued at $4,722,000 after buying an additional 779 shares in the last quarter. Procyon Advisors LLC grew its holdings in Enbridge by 1.7% in the 1st quarter. Procyon Advisors LLC now owns 125,936 shares of the pipeline company’s stock valued at $5,580,000 after buying an additional 2,126 shares in the last quarter. Gilman Hill Asset Management LLC grew its holdings in Enbridge by 2,118.2% in the 1st quarter. Gilman Hill Asset Management LLC now owns 130,052 shares of the pipeline company’s stock valued at $5,763,000 after buying an additional 124,189 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of Enbridge by 1.3% in the first quarter. Portside Wealth Group LLC now owns 30,280 shares of the pipeline company’s stock valued at $1,285,000 after purchasing an additional 383 shares during the period. Finally, Key Client Fiduciary Advisors LLC grew its holdings in shares of Enbridge by 5.4% in the first quarter. Key Client Fiduciary Advisors LLC now owns 14,364 shares of the pipeline company’s stock valued at $636,000 after purchasing an additional 730 shares during the period. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Citigroup initiated coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a “buy” rating for the company. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research report on Monday, May 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $67.00 price objective on shares of Enbridge in a research report on Monday, May 12th. Finally, Raymond James upgraded Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Enbridge presently has an average rating of “Hold” and a consensus target price of $67.00.

Enbridge Trading Down 0.8%

Shares of ENB stock opened at $46.49 on Monday. 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 firm has a market cap of $101.35 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 3.92 and a beta of 0.81. The company has a 50-day moving average of $45.17 and a two-hundred day moving average of $43.88. Enbridge Inc. has a 1-year low of $34.60 and a 1-year high of $47.44.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $7.27 billion during the quarter, compared to analysts’ expectations of $10.20 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter last year, the company posted $0.92 EPS. On average, analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were given a dividend of $0.679 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge’s dividend payout ratio (DPR) is currently 139.69%.

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.