Enbridge Inc. (NYSE:ENB) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC lessened its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 83.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,090 shares of the pipeline company's stock after selling 120,032 shares during the quarter. Strategic Advisors LLC's holdings in Enbridge were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. apricus wealth LLC raised its holdings in Enbridge by 1.1% in the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after acquiring an additional 220 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Enbridge by 0.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after purchasing an additional 227 shares during the last quarter. Armstrong Advisory Group Inc. boosted its holdings in Enbridge by 3.2% in 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 last quarter. Eagle Bay Advisors LLC boosted its holdings in Enbridge by 10.6% in 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 last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in Enbridge by 3.6% in 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 last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ENB. TD Securities began coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Royal Bank of Canada increased their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday. Morgan Stanley assumed coverage on Enbridge in a research report on Friday, October 25th. They set an "equal weight" rating for the company. Finally, Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $67.00.

Enbridge Stock Down 1.3 %

Shares of NYSE ENB traded down $0.55 during midday trading on Wednesday, hitting $42.20. 2,467,043 shares of the company's stock were exchanged, compared to its average volume of 4,173,076. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. Enbridge Inc. has a twelve month low of $32.85 and a twelve month high of $45.78. The company has a market cap of $91.95 billion, a PE ratio of 24.55, a P/E/G ratio of 4.02 and a beta of 0.94. The firm's fifty day simple moving average is $43.35 and its 200-day simple moving average is $41.83.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping 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 business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the company earned $0.64 EPS. Research analysts predict that Enbridge Inc. will post 2.15 EPS for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is presently 155.81%.

Enbridge Company 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.