Heritage Way Advisors LLC raised its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 105.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,688 shares of the pipeline company’s stock after buying an additional 52,778 shares during the quarter. Heritage Way Advisors LLC’s holdings in Enbridge were worth $4,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ENB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Enbridge by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,663 shares of the pipeline company’s stock valued at $265,000 after purchasing an additional 22 shares in the last quarter. Altavista Wealth Management Inc. grew its holdings in shares of Enbridge by 2.6% in the second quarter. Altavista Wealth Management Inc. now owns 6,933 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 177 shares in the last quarter. Linscomb & Williams Inc. grew its holdings in shares of Enbridge by 2.2% in the second quarter. Linscomb & Williams Inc. now owns 11,516 shares of the pipeline company’s stock valued at $458,000 after purchasing an additional 246 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Enbridge by 0.3% in the second quarter. Voya Investment Management LLC now owns 149,948 shares of the pipeline company’s stock valued at $5,969,000 after purchasing an additional 505 shares in the last quarter. Finally, Gofen & Glossberg LLC IL grew its holdings in shares of Enbridge by 2.4% in the second quarter. Gofen & Glossberg LLC IL now owns 28,397 shares of the pipeline company’s stock valued at $1,130,000 after purchasing an additional 660 shares in the last quarter. 62.16% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Enbridge in a report on Tuesday, January 9th. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of Enbridge from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Canaccord Genuity reissued a “buy” rating and issued a $54.00 target price on shares of Enbridge in a report on Thursday, November 30th. Morgan Stanley cut their target price on shares of Enbridge from $43.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Finally, GMP Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.00.

Shares of Enbridge Inc (NYSE ENB) traded up $0.03 on Thursday, reaching $39.81. The company had a trading volume of 1,711,100 shares, compared to its average volume of 2,201,418. The company has a market capitalization of $66,980.00, a P/E ratio of 25.36, a PEG ratio of 2.86 and a beta of 0.64. Enbridge Inc has a 12 month low of $34.39 and a 12 month high of $44.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.50 and a current ratio of 0.64.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.54 billion. Enbridge had a return on equity of 5.62% and a net margin of 7.49%. During the same period last year, the company earned $0.47 earnings per share. sell-side analysts anticipate that Enbridge Inc will post 1.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.5278 dividend. The ex-dividend date is Wednesday, February 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.47. This represents a $2.11 dividend on an annualized basis and a yield of 5.30%. Enbridge’s dividend payout ratio (DPR) is currently 122.29%.

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Enbridge Company Profile

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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