Enbridge Inc. (NYSE:ENB) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC lessened its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.5% in the 4th quarter, HoldingsChannel reports. The fund owned 56,643 shares of the pipeline company’s stock after selling 300 shares during the period. Shufro Rose & Co. LLC’s holdings in Enbridge were worth $1,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENB. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Enbridge by 98.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company’s stock valued at $54,578,000 after buying an additional 815,850 shares in the last quarter. Clarius Group LLC boosted its holdings in shares of Enbridge by 25.2% in the 4th quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock valued at $289,000 after buying an additional 1,617 shares in the last quarter. S.E.E.D. Planning Group LLC boosted its holdings in shares of Enbridge by 81.1% in the 4th quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock valued at $8,272,000 after buying an additional 102,850 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Enbridge by 5.7% in the 4th quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock valued at $318,000 after buying an additional 473 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Enbridge by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock valued at $2,704,715,000 after buying an additional 4,400,848 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Enbridge in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Stifel Nicolaus assumed coverage on shares of Enbridge in a report on Thursday, January 18th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Enbridge has an average rating of “Hold” and a consensus price target of $55.20.

Enbridge Stock Performance

NYSE:ENB traded down $0.44 during trading hours on Friday, reaching $35.82. 4,385,230 shares of the company’s stock were exchanged, compared to its average volume of 6,269,155. The firm has a market capitalization of $76.15 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 3.36 and a beta of 0.84. The company has a 50-day moving average of $35.19 and a 200 day moving average of $34.82. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. Enbridge Inc. has a 1-year low of $31.03 and a 1-year high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. Research analysts anticipate that Enbridge Inc. will post 2.12 EPS for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.71 dividend on an annualized basis and a yield of 7.56%. This is an increase from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio is presently 127.14%.

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.