Enbridge Inc. (NYSE:ENB) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 17.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,842 shares of the pipeline company's stock after acquiring an additional 8,151 shares during the quarter. Foundations Investment Advisors LLC's holdings in Enbridge were worth $2,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. William B. Walkup & Associates Inc. acquired a new position in Enbridge during the 2nd quarter worth $28,000. McIlrath & Eck LLC boosted its stake in shares of Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after buying an additional 295 shares during the period. Albion Financial Group UT purchased a new stake in shares of Enbridge during the fourth quarter worth approximately $29,000. Grove Bank & Trust raised its holdings in Enbridge by 56.7% in the third 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. Finally, MFA Wealth Advisors LLC grew its holdings in 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 acquiring an additional 280 shares in the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Stock Performance

NYSE ENB traded down $1.21 on Friday, reaching $43.29. The stock had a trading volume of 6,187,249 shares, compared to its average volume of 3,494,552. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. The stock has a market cap of $94.31 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 4.11 and a beta of 0.93. The business's 50-day moving average price is $43.11 and its 200 day moving average price is $41.15. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $45.78.

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, topping the consensus estimate of $0.40 by $0.15. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same period in the previous year, the firm earned $0.46 EPS. As a group, equities analysts expect that Enbridge Inc. will post 1.97 earnings per share for the current year.

Enbridge Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is presently 124.07%.

Wall Street Analysts Forecast Growth

ENB has been the topic of a number of analyst reports. TD Securities began coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Morgan Stanley started coverage on Enbridge in a report on Friday, October 25th. They issued an "equal weight" rating on the stock. Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 price target (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $63.00.

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.