Enbridge Inc. (NYSE:ENB) Position Increased by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. grew its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 731.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,023 shares of the pipeline company’s stock after purchasing an additional 900 shares during the period. SJS Investment Consulting Inc.’s holdings in Enbridge were worth $45,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ENB. MADDEN SECURITIES Corp boosted its stake in Enbridge by 1.1% in the 1st quarter. MADDEN SECURITIES Corp now owns 159,409 shares of the pipeline company’s stock worth $7,063,000 after purchasing an additional 1,708 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Enbridge by 64.6% in the first quarter. Farther Finance Advisors LLC now owns 20,355 shares of the pipeline company’s stock valued at $907,000 after purchasing an additional 7,992 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of Enbridge by 7.8% in the first quarter. Portside Wealth Group LLC now owns 32,645 shares of the pipeline company’s stock worth $1,446,000 after buying an additional 2,365 shares during the period. Priebe Wealth Holdings LLC boosted its position in shares of Enbridge by 6.1% in the first quarter. Priebe Wealth Holdings LLC now owns 5,464 shares of the pipeline company’s stock worth $242,000 after buying an additional 313 shares during the period. Finally, Capital Investment Advisors LLC grew its holdings in shares of Enbridge by 2.2% during the first quarter. Capital Investment Advisors LLC now owns 49,281 shares of the pipeline company’s stock valued at $2,184,000 after buying an additional 1,054 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ENB. Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Citigroup began coverage on shares of Enbridge in a research report on Friday, April 4th. They set a “buy” rating on the stock. Raymond James raised shares of Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a research note on Monday, May 12th. Finally, National Bankshares reissued a “sector perform” rating on shares of Enbridge in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.00.

Enbridge Stock Down 1.5%

Enbridge stock opened at $45.81 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 1-year low of $34.60 and a 1-year high of $47.44. The firm’s fifty day simple moving average is $45.18 and its 200-day simple moving average is $43.90. The company has a market capitalization of $99.86 billion, a P/E ratio of 26.63, a P/E/G ratio of 3.92 and a beta of 0.81.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The company had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. During the same period last year, the company earned $0.92 earnings per share. Sell-side analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current fiscal 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 issued a dividend of $0.679 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge’s dividend payout ratio is currently 139.69%.

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.