Winslow Evans & Crocker Inc. lifted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,606 shares of the pipeline company’s stock after purchasing an additional 1,600 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Enbridge were worth $822,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in ENB. Strategic Blueprint LLC acquired a new position in Enbridge during the 3rd quarter worth $27,000. Vista Private Wealth Partners. LLC acquired a new position in Enbridge during the 3rd quarter worth $33,000. Bridger Capital Management LLC acquired a new position in Enbridge during the 3rd quarter worth $34,000. B & T Capital Management DBA Alpha Capital Management acquired a new position in Enbridge during the 3rd quarter worth $35,000. Finally, City Holding Co. lifted its position in Enbridge by 935.0% during the 3rd quarter. City Holding Co. now owns 1,035 shares of the pipeline company’s stock worth $36,000 after acquiring an additional 935 shares during the last quarter. 53.50% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:ENB traded down $0.04 on Tuesday, hitting $40.23. 1,971,169 shares of the company were exchanged, compared to its average volume of 2,672,708. The company’s 50 day moving average price is $39.02 and its two-hundred day moving average price is $36.25. Enbridge Inc has a one year low of $32.23 and a one year high of $40.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.50 and a current ratio of 0.59. The firm has a market capitalization of $81.51 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 3.14 and a beta of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.6119 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $2.45 annualized dividend and a dividend yield of 6.08%. Enbridge’s payout ratio is presently 108.78%.
A number of research firms have weighed in on ENB. Bank of America began coverage on shares of Enbridge in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 target price for the company. US Capital Advisors lowered shares of Enbridge from an “overweight” rating to a “hold” rating in a research report on Tuesday, January 7th. Argus began coverage on shares of Enbridge in a research report on Wednesday, December 4th. They set a “buy” rating and a $44.00 target price for the company. Jefferies Financial Group began coverage on shares of Enbridge in a research report on Thursday, December 5th. They set a “hold” rating and a $54.00 target price for the company. Finally, Evercore ISI reissued a “hold” rating and set a $48.00 target price on shares of Enbridge in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Enbridge has an average rating of “Hold” and a consensus target price of $47.90.
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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