Bard Financial Services Inc. Sells 440 Shares of Enbridge Inc. (NYSE:ENB)

Bard Financial Services Inc. lessened its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,850 shares of the pipeline company’s stock after selling 440 shares during the quarter. Bard Financial Services Inc.’s holdings in Enbridge were worth $5,481,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. CX Institutional bought a new stake in shares of Enbridge in the first quarter worth $85,000. Assenagon Asset Management S.A. increased its holdings in Enbridge by 0.4% during the first quarter. Assenagon Asset Management S.A. now owns 75,420 shares of the pipeline company’s stock worth $3,337,000 after buying an additional 320 shares during the last quarter. Franklin Street Advisors Inc. NC increased its holdings in Enbridge by 116.8% during the first quarter. Franklin Street Advisors Inc. NC now owns 221,025 shares of the pipeline company’s stock worth $9,794,000 after buying an additional 119,073 shares during the last quarter. Integrated Advisors Network LLC increased its holdings in Enbridge by 316.7% during the first quarter. Integrated Advisors Network LLC now owns 59,710 shares of the pipeline company’s stock worth $2,646,000 after buying an additional 45,380 shares during the last quarter. Finally, Dividend Assets Capital LLC increased its holdings in Enbridge by 5.5% during the first quarter. Dividend Assets Capital LLC now owns 206,634 shares of the pipeline company’s stock worth $9,156,000 after buying an additional 10,757 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Up 0.0%

ENB stock opened at $45.83 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The company’s 50-day simple moving average is $45.19 and its 200 day simple moving average is $43.91. Enbridge Inc. has a 52 week low of $34.60 and a 52 week high of $47.44. The company has a market capitalization of $99.92 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 3.92 and a beta of 0.81.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were given a dividend of $0.679 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.72 annualized dividend and a yield of 5.93%. Enbridge’s dividend payout ratio is currently 139.69%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ENB. Citigroup began coverage on shares of Enbridge in a report on Friday, April 4th. They set a “buy” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $67.00 target price on shares of Enbridge in a report on Monday, May 12th. National Bankshares restated a “sector perform” rating on shares of Enbridge in a report on Monday, May 12th. Raymond James upgraded shares of Enbridge to a “moderate buy” rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enbridge has an average rating of “Hold” and a consensus price target of $67.00.

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.