Enbridge Inc $ENB Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. decreased its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 93.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,187 shares of the pipeline company’s stock after selling 85,400 shares during the quarter. Westerkirk Capital Inc.’s holdings in Enbridge were worth $296,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Triumph Capital Management acquired a new stake in Enbridge in the third quarter worth about $26,000. Turning Point Benefit Group Inc. acquired a new stake in Enbridge in the third quarter worth about $28,000. Imprint Wealth LLC acquired a new stake in Enbridge in the third quarter worth about $31,000. Garner Asset Management Corp acquired a new stake in Enbridge in the fourth quarter worth about $30,000. Finally, Tucker Asset Management LLC acquired a new stake in Enbridge in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Price Performance

Shares of NYSE ENB opened at $55.52 on Wednesday. Enbridge Inc has a twelve month low of $43.59 and a twelve month high of $58.45. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $121.23 billion, a price-to-earnings ratio of 26.07 and a beta of 0.58. The firm has a 50-day moving average of $54.68 and a two-hundred day moving average of $51.49.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $8.49 billion. During the same period in the prior year, the company earned $1.03 EPS. As a group, analysts expect that Enbridge Inc will post 2.2 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Friday, May 15th. Enbridge’s dividend payout ratio is presently 133.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Enbridge in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. Royal Bank Of Canada upped their price objective on shares of Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.