Dividend Assets Capital LLC Buys 11,446 Shares of Enbridge Inc. (NYSE:ENB)

Dividend Assets Capital LLC increased its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,877 shares of the pipeline company's stock after acquiring an additional 11,446 shares during the quarter. Enbridge makes up approximately 1.6% of Dividend Assets Capital LLC's holdings, making the stock its 25th biggest holding. Dividend Assets Capital LLC's holdings in Enbridge were worth $8,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENB. Arcadia Investment Management Corp MI bought a new position in Enbridge during the 4th quarter worth $85,000. Allianz Asset Management GmbH raised its holdings in Enbridge by 9.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,148,864 shares of the pipeline company's stock worth $48,736,000 after purchasing an additional 96,591 shares in the last quarter. Boston Financial Mangement LLC bought a new position in shares of Enbridge during the 4th quarter valued at about $224,000. First Bank & Trust grew its position in Enbridge by 0.5% in the fourth quarter. First Bank & Trust now owns 88,171 shares of the pipeline company's stock worth $3,741,000 after buying an additional 451 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Enbridge by 1.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 50,095 shares of the pipeline company's stock valued at $2,126,000 after acquiring an additional 841 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Enbridge Stock Up 0.3 %

ENB traded up $0.13 during midday trading on Wednesday, hitting $41.78. 3,435,173 shares of the company's stock traded hands, compared to its average volume of 4,460,276. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The company has a market cap of $91.04 billion, a PE ratio of 24.29, 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 stock's fifty day simple moving average is $43.35 and its 200-day simple moving average is $41.96.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping 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 company had revenue of $11.59 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. As a group, equities analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's dividend payout ratio is currently 155.81%.

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.