Foundations Investment Advisors LLC Buys 15,706 Shares of Enbridge Inc $ENB

Foundations Investment Advisors LLC increased its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 24.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,385 shares of the pipeline company’s stock after buying an additional 15,706 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Enbridge were worth $3,845,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tsfg LLC increased its position in shares of Enbridge by 329.6% during the 3rd quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 379 shares in the last quarter. Triumph Capital Management acquired a new stake in Enbridge during the 3rd quarter valued at $26,000. Turning Point Benefit Group Inc. acquired a new stake in Enbridge during the 3rd quarter valued at $28,000. Garner Asset Management Corp bought a new position in Enbridge in the 4th quarter valued at $30,000. Finally, Imprint Wealth LLC bought a new position in Enbridge in the 3rd quarter valued at $31,000. 54.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Enbridge in a research report on Thursday, February 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a research report on Friday, May 22nd. Royal Bank Of Canada increased their price target on shares of Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Enbridge Stock Down 1.5%

Shares of NYSE:ENB opened at $54.75 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.81 and a quick ratio of 0.73. The stock has a market cap of $119.56 billion, a price-to-earnings ratio of 25.71 and a beta of 0.59. The company has a 50 day moving average of $54.45 and a 200-day moving average of $51.09. Enbridge Inc has a one year low of $43.59 and a one year high of $58.45.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $8.49 billion. During the same period in the prior year, the business posted $1.03 earnings per share. On average, sell-side analysts forecast that Enbridge Inc will post 2.18 earnings per share for the current year.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Friday, May 15th. Enbridge’s dividend payout ratio (DPR) is currently 133.80%.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.