7,744 Shares in Enbridge Inc. (NYSE:ENB) Purchased by Clarius Group LLC

Clarius Group LLC acquired a new position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,744 shares of the pipeline company's stock, valued at approximately $329,000.

A number of other institutional investors also recently bought and sold shares of ENB. Armstrong Advisory Group Inc. increased its stake in shares of Enbridge by 3.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock worth $319,000 after purchasing an additional 230 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in Enbridge by 10.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock worth $106,000 after buying an additional 240 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in Enbridge by 28.4% during the third quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company's stock valued at $45,000 after acquiring an additional 246 shares during the period. Associated Banc Corp lifted its position in shares of Enbridge by 3.6% in the third quarter. Associated Banc Corp now owns 7,091 shares of the pipeline company's stock valued at $288,000 after acquiring an additional 248 shares in the last quarter. Finally, Hobbs Group Advisors LLC boosted its stake in shares of Enbridge by 15.1% in the third quarter. Hobbs Group Advisors LLC now owns 1,897 shares of the pipeline company's stock worth $77,000 after acquiring an additional 249 shares during the period. 54.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ENB shares. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. TD Securities started coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Wells Fargo & Company upgraded shares of Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Enbridge in a report on Friday, October 25th. They issued an "equal weight" rating on the stock. Finally, Jefferies Financial Group downgraded shares of Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Enbridge has a consensus rating of "Hold" and an average price target of $63.00.

Enbridge Price Performance

ENB stock traded up $0.50 during trading on Monday, hitting $44.53. 7,091,939 shares of the company's stock traded hands, compared to its average volume of 2,344,551. Enbridge Inc. has a 52 week low of $32.85 and a 52 week high of $44.90. The stock has a market capitalization of $97.00 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 4.00 and a beta of 0.93. The business has a fifty day simple moving average of $42.75 and a 200 day simple moving average of $40.60. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The firm had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the firm earned $0.46 EPS. As a group, research analysts expect that Enbridge Inc. will post 1.97 EPS for the current fiscal year.

Enbridge Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is 121.76%.

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.