Janney Montgomery Scott LLC Boosts Stock Holdings in Enbridge Inc. (NYSE:ENB)

Janney Montgomery Scott LLC lifted its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 899,366 shares of the pipeline company's stock after purchasing an additional 65,145 shares during the quarter. Janney Montgomery Scott LLC's holdings in Enbridge were worth $38,160,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ENB. Dimensional Fund Advisors LP raised its stake in shares of Enbridge by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,427,686 shares of the pipeline company's stock worth $86,399,000 after purchasing an additional 25,717 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Enbridge by 6.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,381 shares of the pipeline company's stock worth $489,000 after purchasing an additional 861 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Enbridge by 4.9% during the second quarter. Thrivent Financial for Lutherans now owns 37,837 shares of the pipeline company's stock worth $1,346,000 after purchasing an additional 1,766 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Enbridge by 7.2% during the second quarter. Ensign Peak Advisors Inc now owns 137,250 shares of the pipeline company's stock worth $5,054,000 after purchasing an additional 9,200 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Enbridge by 185.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 297,230 shares of the pipeline company's stock worth $10,576,000 after purchasing an additional 192,975 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ENB shares. Jefferies Financial Group cut Enbridge from a "buy" rating to a "hold" rating in a research report on Monday, September 30th. 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. Wells Fargo & Company upgraded shares of Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. TD Securities initiated coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $63.00 price target (up previously from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Three 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.com, Enbridge presently has a consensus rating of "Hold" and an average price target of $63.00.

Enbridge Price Performance

NYSE ENB traded up $0.28 during trading hours on Friday, reaching $45.14. The company's stock had a trading volume of 1,180,967 shares, compared to its average volume of 3,936,158. 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 $98.33 billion, a PE ratio of 20.91, a PEG ratio of 4.15 and a beta of 0.93. The company's 50-day moving average is $42.93 and its two-hundred day moving average is $40.79. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $45.78.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, topping 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 business had revenue of $10.91 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the company posted $0.46 EPS. Analysts forecast that Enbridge Inc. will post 1.97 EPS for the current year.

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 5.94%. Enbridge's dividend payout ratio is currently 124.07%.

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.