Jamison Private Wealth Management Inc. Purchases 17,307 Shares of Enbridge Inc. (NYSE:ENB)

Jamison Private Wealth Management Inc. boosted its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 282.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,438 shares of the pipeline company's stock after buying an additional 17,307 shares during the quarter. Jamison Private Wealth Management Inc.'s holdings in Enbridge were worth $994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ENB. McIlrath & Eck LLC increased its position in Enbridge by 74.9% in 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. Albion Financial Group UT acquired a new position in Enbridge in the fourth quarter worth approximately $29,000. Grove Bank & Trust raised its position in Enbridge by 56.7% during 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. MFA Wealth Advisors LLC lifted its stake in Enbridge by 55.6% in the third 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 during the last quarter. Finally, William B. Walkup & Associates Inc. bought a new stake in Enbridge in the second quarter worth approximately $28,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Stock Performance

NYSE:ENB traded up $0.22 during mid-day trading on Friday, hitting $45.08. 2,027,970 shares of the company's stock traded hands, compared to its average volume of 2,987,103. 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 firm has a 50 day moving average of $42.99 and a two-hundred day moving average of $40.89. The firm has a market capitalization of $98.19 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 4.15 and a beta of 0.93. 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 issued its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share 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 firm had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities analysts forecast that Enbridge Inc. will post 1.97 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The company 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 $0.67 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.95%. Enbridge's payout ratio is 121.76%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley began coverage on shares of Enbridge in a research note on Friday, October 25th. They issued an "equal weight" rating for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price objective (up from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Finally, TD Securities started coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Enbridge has a consensus 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.