Sanctuary Advisors LLC Buys 28,674 Shares of Enbridge Inc. (NYSE:ENB)

Sanctuary Advisors LLC lifted its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,840 shares of the pipeline company's stock after buying an additional 28,674 shares during the quarter. Sanctuary Advisors LLC's holdings in Enbridge were worth $9,105,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ENB. apricus wealth LLC boosted its holdings in shares of Enbridge by 1.1% during the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock worth $875,000 after buying an additional 220 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Enbridge by 0.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after acquiring an additional 227 shares during the period. Armstrong Advisory Group Inc. boosted its stake in Enbridge by 3.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock valued at $319,000 after purchasing an additional 230 shares during the period. Eagle Bay Advisors LLC boosted its stake in Enbridge by 10.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock valued at $106,000 after purchasing an additional 240 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its stake in Enbridge by 3.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 6,994 shares of the pipeline company's stock valued at $297,000 after purchasing an additional 242 shares during the period. 54.60% of the stock is owned by institutional investors.

Enbridge Price Performance

Shares of NYSE ENB traded down $0.25 during midday trading on Friday, reaching $41.74. 6,521,927 shares of the company traded hands, compared to its average volume of 4,245,049. The firm has a market cap of $90.94 billion, a PE ratio of 24.26, a PEG ratio of 3.92 and a beta of 0.94. The stock's 50-day simple moving average is $43.35 and its 200-day simple moving average is $41.89. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results 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. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm posted $0.64 EPS. As a group, equities analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders 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 yield of 6.42%. Enbridge's payout ratio is 155.81%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ENB. TD Securities assumed coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Morgan Stanley started coverage on shares of Enbridge in a research report on Friday, October 25th. They set an "equal weight" rating for the company. Royal Bank of Canada increased their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.