Gilman Hill Asset Management LLC Takes $249,000 Position in Enbridge Inc. (NYSE:ENB)

Gilman Hill Asset Management LLC acquired a new stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,863 shares of the pipeline company's stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Client 1ST Advisory Group LLC acquired a new stake in shares of Enbridge during the 4th quarter valued at $276,000. Cascade Investment Group Inc. boosted its stake in shares of Enbridge by 9.5% during the fourth quarter. Cascade Investment Group Inc. now owns 8,093 shares of the pipeline company's stock valued at $343,000 after purchasing an additional 700 shares in the last quarter. Clarius Group LLC bought a new stake in shares of Enbridge during the fourth quarter worth about $329,000. HB Wealth Management LLC increased its stake in shares of Enbridge by 90.1% in the fourth quarter. HB Wealth Management LLC now owns 13,933 shares of the pipeline company's stock valued at $591,000 after buying an additional 6,603 shares during the period. Finally, Galibier Capital Management Ltd. raised its holdings in Enbridge by 26.0% in the 4th quarter. Galibier Capital Management Ltd. now owns 809,045 shares of the pipeline company's stock valued at $34,320,000 after buying an additional 167,181 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ENB. TD Securities assumed coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 target price (up from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating in a research report on Monday, September 30th. Morgan Stanley assumed coverage on Enbridge in a research note on Friday, October 25th. They issued an "equal weight" rating on the stock. 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $63.00.

Enbridge Trading Up 1.9 %

ENB stock traded up $0.84 during mid-day trading on Tuesday, reaching $45.35. The company's stock had a trading volume of 7,520,447 shares, compared to its average volume of 4,039,558. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The business's 50 day moving average price is $42.79 and its 200 day moving average price is $40.66. The company has a market cap of $98.79 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 4.13 and a beta of 0.93.

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

Enbridge Cuts Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is currently 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.