Jones Financial Companies Lllp Has $39.80 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

Jones Financial Companies Lllp increased its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 64.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 938,013 shares of the pipeline company's stock after acquiring an additional 366,863 shares during the period. Jones Financial Companies Lllp's holdings in Enbridge were worth $39,800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ENB. Modera Wealth Management LLC grew its holdings in shares of Enbridge by 3.5% during the fourth quarter. Modera Wealth Management LLC now owns 12,573 shares of the pipeline company's stock worth $533,000 after purchasing an additional 429 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in Enbridge by 138.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,959 shares of the pipeline company's stock worth $83,000 after buying an additional 1,138 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Enbridge in the 4th quarter valued at about $119,000. Cape Investment Advisory Inc. increased its position in Enbridge by 3.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 10,156 shares of the pipeline company's stock valued at $431,000 after acquiring an additional 302 shares in the last quarter. Finally, Capital Wealth Planning LLC raised its stake in shares of Enbridge by 98.2% in the fourth quarter. Capital Wealth Planning LLC now owns 104,199 shares of the pipeline company's stock worth $4,421,000 after acquiring an additional 51,619 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Trading Down 0.4 %

Shares of ENB traded down $0.16 on Monday, reaching $42.57. 2,821,142 shares of the company's stock were exchanged, compared to its average volume of 4,359,240. The business has a 50 day moving average price of $43.42 and a two-hundred day moving average price of $42.01. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $45.78. The stock has a market capitalization of $92.76 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

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

Enbridge Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.30%. The ex-dividend date was Friday, February 14th. Enbridge's payout ratio is 155.81%.

Analyst Upgrades and Downgrades

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

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.