Fiduciary Alliance LLC Buys 12,659 Shares of Enbridge Inc. (NYSE:ENB)

Fiduciary Alliance LLC increased its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 179.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,711 shares of the pipeline company's stock after buying an additional 12,659 shares during the period. Fiduciary Alliance LLC's holdings in Enbridge were worth $836,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. McIlrath & Eck LLC raised its holdings in Enbridge by 74.9% during the 3rd 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 last quarter. Grove Bank & Trust increased its stake in shares of Enbridge by 56.7% in the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 279 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in shares of Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 280 shares in the last quarter. William B. Walkup & Associates Inc. bought a new stake in shares of Enbridge in the 2nd quarter valued at $28,000. Finally, Fortitude Family Office LLC bought a new stake in Enbridge during the 3rd quarter valued at $35,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Up 1.5 %

Shares of NYSE:ENB traded up $0.64 on Tuesday, hitting $44.04. 2,997,931 shares of the company traded hands, compared to its average volume of 3,257,737. Enbridge Inc. has a 52 week low of $32.85 and a 52 week high of $44.13. The stock has a 50 day simple moving average of $42.56 and a 200-day simple moving average of $40.36. The company has a market cap of $95.93 billion, a PE ratio of 20.39, a PEG ratio of 4.14 and a beta of 0.93. 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 (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.15. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. The business had revenue of $10.91 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the firm posted $0.46 earnings per share. As a group, research analysts expect that Enbridge Inc. will post 2.03 earnings per share for the current year.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is presently 124.07%.

Analyst Upgrades and Downgrades

ENB has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 price objective (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Jefferies Financial Group downgraded shares of Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th. Wells Fargo & Company raised shares of Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Finally, Morgan Stanley began coverage on Enbridge in a research report on Friday, October 25th. They set an "equal weight" rating on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $63.00.

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.