Client 1ST Advisory Group LLC Makes New $276,000 Investment in Enbridge Inc. (NYSE:ENB)

Client 1ST Advisory Group LLC bought a new position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,495 shares of the pipeline company's stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in shares of Enbridge by 3.2% during the third quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company's stock valued at $267,935,000 after acquiring an additional 207,200 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Enbridge by 70.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock worth $52,648,000 after buying an additional 536,818 shares during the period. Duff & Phelps Investment Management Co. grew its position in shares of Enbridge by 32.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock worth $52,880,000 after buying an additional 319,907 shares during the last quarter. Pinnacle Financial Partners Inc increased its stake in shares of Enbridge by 8.8% during the third quarter. Pinnacle Financial Partners Inc now owns 188,244 shares of the pipeline company's stock valued at $7,650,000 after buying an additional 15,207 shares during the period. Finally, Stonegate Investment Group LLC raised its holdings in shares of Enbridge by 66.5% during the third quarter. Stonegate Investment Group LLC now owns 33,833 shares of the pipeline company's stock valued at $1,374,000 after acquiring an additional 13,515 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Enbridge Stock Up 1.1 %

Shares of ENB stock traded up $0.50 during trading hours 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. The stock's fifty day simple moving average is $42.75 and its two-hundred day simple moving average is $40.60. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $44.90. The stock has a market cap of $97.00 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 4.00 and a beta of 0.93.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.40 by $0.15. The company had revenue of $10.91 billion for the quarter, compared to analysts' expectations of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same period last year, the firm posted $0.46 earnings per share. On average, analysts expect that Enbridge Inc. will post 1.97 EPS for the current year.

Enbridge Cuts Dividend

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

Enbridge 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.