31,819 Shares in Enbridge Inc. (NYSE:ENB) Bought by Corps Capital Advisors LLC

Corps Capital Advisors LLC acquired a new stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 31,819 shares of the pipeline company's stock, valued at approximately $1,350,000. Enbridge accounts for about 1.4% of Corps Capital Advisors LLC's portfolio, making the stock its 26th largest position.

Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC boosted its position in Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after purchasing an additional 295 shares during the period. Albion Financial Group UT acquired a new stake in shares of Enbridge during the 4th quarter worth about $29,000. MFA Wealth Advisors LLC boosted its holdings in shares of Enbridge by 55.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock worth $32,000 after buying an additional 280 shares during the period. Fortitude Family Office LLC acquired a new position in Enbridge in the 3rd quarter valued at about $35,000. Finally, Darwin Wealth Management LLC bought a new position in Enbridge in the 3rd quarter valued at about $37,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ENB shares. Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada lifted their target price on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Enbridge currently has a consensus rating of "Hold" and an average price target of $67.00.

Enbridge Price Performance

Shares of ENB stock traded down $0.25 during trading on Friday, hitting $41.74. The company had a trading volume of 6,521,927 shares, compared to its average volume of 4,245,049. The firm has a market capitalization of $90.94 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. Enbridge Inc. has a one year low of $32.85 and a one year high of $45.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The stock's 50-day moving average price is $43.35 and its 200 day moving average price is $41.89.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company posted $0.64 EPS. Equities analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 6.42%. Enbridge's payout ratio is 155.81%.

About Enbridge

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.