Enbridge Inc. (NYSE:ENB) Shares Acquired by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. boosted its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 61.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,152 shares of the pipeline company's stock after acquiring an additional 11,424 shares during the quarter. Enbridge comprises about 0.9% of Meixler Investment Management Ltd.'s investment portfolio, making the stock its 20th biggest position. Meixler Investment Management Ltd.'s holdings in Enbridge were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC grew its stake in shares of Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after buying an additional 295 shares during the last quarter. Albion Financial Group UT purchased a new stake in shares of Enbridge in the fourth quarter valued at approximately $29,000. MFA Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 280 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of Enbridge in the third quarter valued at approximately $35,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Enbridge in the third quarter valued at approximately $37,000. 54.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on ENB shares. Royal Bank of Canada boosted their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday. TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Morgan Stanley started coverage on Enbridge in a report on Friday, October 25th. They issued an "equal weight" rating for the company. Finally, Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Enbridge has a consensus rating of "Hold" and an average price target of $67.00.

Enbridge Stock Down 0.9 %

Enbridge stock traded down $0.37 during mid-day trading on Thursday, reaching $41.95. 5,546,331 shares of the company were exchanged, compared to its average volume of 4,327,491. The business has a fifty day moving average of $43.35 and a 200 day moving average of $41.84. 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 firm has a market cap of $91.40 billion, a P/E ratio of 24.39, a PEG ratio of 4.03 and a beta of 0.94. 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 data 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 return on equity of 10.15% and a net margin of 10.04%. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business posted $0.64 EPS. Research analysts anticipate that Enbridge Inc. will post 2.12 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 given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's payout ratio is 155.81%.

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.