Ieq Capital LLC Cuts Position in Enbridge Inc. (NYSE:ENB)

Ieq Capital LLC lessened its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,203 shares of the pipeline company's stock after selling 12,477 shares during the period. Ieq Capital LLC's holdings in Enbridge were worth $306,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ENB. McIlrath & Eck LLC increased its holdings 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 purchasing an additional 295 shares in the last quarter. Albion Financial Group UT acquired a new position in Enbridge during the fourth quarter worth about $29,000. Fortitude Family Office LLC purchased a new position in Enbridge in the third quarter valued at about $35,000. Darwin Wealth Management LLC acquired a new stake in shares of Enbridge during the 3rd quarter valued at approximately $37,000. Finally, Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock worth $41,000 after acquiring an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Analyst Upgrades and Downgrades

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

Enbridge Trading Down 0.1 %

NYSE:ENB traded down $0.05 on Monday, reaching $42.68. The stock had a trading volume of 4,065,429 shares, compared to its average volume of 4,381,211. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $45.78. The company has a market cap of $93.00 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 3.92 and a beta of 0.94. The firm's fifty day moving average is $43.42 and its two-hundred day moving average is $42.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54.

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

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend was Friday, February 14th. Enbridge's dividend payout ratio is currently 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.