197,788 Shares in Enbridge Inc $ENB Acquired by One Capital Management LLC

One Capital Management LLC bought a new position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 197,788 shares of the pipeline company’s stock, valued at approximately $9,463,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. COFG Advisors LLC bought a new stake in Enbridge during the 4th quarter worth approximately $252,000. Peapack Gladstone Financial Corp increased its holdings in Enbridge by 3.3% during the 4th quarter. Peapack Gladstone Financial Corp now owns 10,863 shares of the pipeline company’s stock worth $519,000 after acquiring an additional 348 shares during the period. Verity & Verity LLC increased its holdings in Enbridge by 3.1% during the 4th quarter. Verity & Verity LLC now owns 573,160 shares of the pipeline company’s stock worth $27,414,000 after acquiring an additional 17,353 shares during the period. Bearing Point Capital LLC increased its holdings in Enbridge by 4.2% during the 4th quarter. Bearing Point Capital LLC now owns 45,232 shares of the pipeline company’s stock worth $2,163,000 after acquiring an additional 1,817 shares during the period. Finally, Guinness Atkinson Asset Management Inc increased its holdings in Enbridge by 3.4% during the 4th quarter. Guinness Atkinson Asset Management Inc now owns 6,475 shares of the pipeline company’s stock worth $309,000 after acquiring an additional 213 shares during the period. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ENB shares. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Enbridge in a research note on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a research note on Tuesday, February 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a research note on Friday, May 22nd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

Enbridge Price Performance

ENB stock opened at $54.94 on Tuesday. Enbridge Inc has a one year low of $43.59 and a one year high of $58.45. The stock has a market cap of $119.97 billion, a PE ratio of 25.79 and a beta of 0.58. The firm has a 50 day simple moving average of $54.47 and a two-hundred day simple moving average of $51.16. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.81 and a quick ratio of 0.73.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $8.49 billion. During the same quarter in the prior year, the company earned $1.03 EPS. On average, analysts predict that Enbridge Inc will post 2.18 EPS for the current fiscal year.

Enbridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.1%. Enbridge’s dividend payout ratio is 133.80%.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.