Enbridge Inc (NYSE:ENB) Shares Acquired by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,326 shares of the pipeline company’s stock after purchasing an additional 226 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Enbridge were worth $1,526,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wintrust Investments LLC boosted its stake in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 238 shares in the last quarter. GeoWealth Management LLC raised its holdings in Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 611 shares during the last quarter. Capital A Wealth Management LLC purchased a new stake in Enbridge during the fourth quarter worth $39,000. Hopwood Financial Services Inc. acquired a new stake in Enbridge in the fourth quarter valued at $42,000. Finally, SJS Investment Consulting Inc. increased its position in shares of Enbridge by 731.7% in the first quarter. SJS Investment Consulting Inc. now owns 1,023 shares of the pipeline company’s stock valued at $45,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

Enbridge stock opened at $44.99 on Thursday. The stock has a market capitalization of $98.10 billion, a P/E ratio of 23.19, a P/E/G ratio of 4.33 and a beta of 0.81. Enbridge Inc has a 12-month low of $34.60 and a 12-month high of $47.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. The firm’s 50-day moving average is $45.70 and its two-hundred day moving average is $44.03.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same quarter last year, the business earned $0.92 earnings per share. Equities analysts predict that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were paid a $0.679 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 6.04%. The ex-dividend date was Thursday, May 15th. Enbridge’s dividend payout ratio is presently 140.21%.

Analysts Set New Price Targets

ENB has been the topic of several recent research reports. 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. CIBC restated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a research note on Monday, May 12th. Finally, Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.00.

About Enbridge

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.