Headlands Technologies LLC Purchases 1,573 Shares of Enbridge Inc. (NYSE:ENB)

Headlands Technologies LLC increased its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 97.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,190 shares of the pipeline company’s stock after purchasing an additional 1,573 shares during the period. Headlands Technologies LLC’s holdings in Enbridge were worth $115,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ENB. Kovack Advisors Inc. increased its holdings in Enbridge by 12.5% in the 4th quarter. Kovack Advisors Inc. now owns 19,593 shares of the pipeline company’s stock valued at $706,000 after buying an additional 2,171 shares during the period. K.J. Harrison & Partners Inc increased its stake in Enbridge by 90.3% in the fourth quarter. K.J. Harrison & Partners Inc now owns 95,251 shares of the pipeline company’s stock valued at $3,435,000 after acquiring an additional 45,200 shares during the period. Stevens Capital Management LP acquired a new position in Enbridge in the fourth quarter worth about $438,000. Syon Capital LLC acquired a new position in Enbridge in the fourth quarter worth about $208,000. Finally, Bank of New Hampshire lifted its stake in Enbridge by 21.8% during the fourth quarter. Bank of New Hampshire now owns 4,400 shares of the pipeline company’s stock worth $158,000 after purchasing an additional 787 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Up 0.4 %

Shares of ENB opened at $35.97 on Tuesday. The stock has a fifty day moving average price of $35.22 and a two-hundred day moving average price of $34.85. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The company has a market cap of $76.46 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 3.39 and a beta of 0.84. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Analysts predict that Enbridge Inc. will post 2.12 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a $0.677 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.71 annualized dividend and a yield of 7.53%. Enbridge’s dividend payout ratio (DPR) is currently 129.05%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus initiated coverage on Enbridge in a report on Thursday, January 18th. They issued a “hold” rating for the company. Jefferies Financial Group initiated coverage on Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.20.

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.