XML Financial LLC Purchases 827 Shares of Enbridge Inc. (NYSE:ENB)

XML Financial LLC boosted its stake in Enbridge Inc. (NYSE:ENBFree Report) (TSE:ENB) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,401 shares of the pipeline company’s stock after purchasing an additional 827 shares during the quarter. XML Financial LLC’s holdings in Enbridge were worth $627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canoe Financial LP increased its holdings in shares of Enbridge by 80,631.1% in the fourth quarter. Canoe Financial LP now owns 33,460,611 shares of the pipeline company’s stock worth $1,205,251,000 after acquiring an additional 33,419,164 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Enbridge by 630.3% in the third quarter. Wellington Management Group LLP now owns 32,531,108 shares of the pipeline company’s stock worth $1,083,938,000 after acquiring an additional 28,076,386 shares in the last quarter. Norges Bank bought a new stake in shares of Enbridge in the fourth quarter worth about $714,662,000. TD Asset Management Inc increased its holdings in shares of Enbridge by 24.9% in the fourth quarter. TD Asset Management Inc now owns 37,749,760 shares of the pipeline company’s stock worth $1,365,583,000 after acquiring an additional 7,536,678 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Enbridge by 5.7% in the third quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock worth $2,704,715,000 after acquiring an additional 4,400,848 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

NYSE:ENB opened at $35.67 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average price is $35.88 and its two-hundred day moving average price is $35.60. The firm has a market capitalization of $75.84 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 3.39 and a beta of 0.90. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $38.37.

Enbridge (NYSE:ENBGet Free Report) (TSE:ENB) last released its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.09. The firm had revenue of $8.19 billion for the quarter, compared to analyst estimates of $9 billion. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. On average, analysts anticipate that Enbridge Inc. will post 2.11 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th were paid a $0.677 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 14th. This represents a $2.71 annualized dividend and a yield of 7.59%. Enbridge’s dividend payout ratio is currently 136.04%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group began coverage on Enbridge in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.20.

Read Our Latest Report on Enbridge

Enbridge Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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