Clear Trail Advisors LLC Purchases 17,504 Shares of Enbridge Inc $ENB

Clear Trail Advisors LLC boosted its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 47.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,078 shares of the pipeline company’s stock after purchasing an additional 17,504 shares during the period. Clear Trail Advisors LLC’s holdings in Enbridge were worth $2,928,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. MIdWestOne Financial Group Inc. boosted its holdings in shares of Enbridge by 4.3% in the fourth quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock worth $235,000 after buying an additional 203 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in Enbridge by 1.1% during the fourth quarter. Sumitomo Life Insurance Co. now owns 18,621 shares of the pipeline company’s stock valued at $891,000 after buying an additional 205 shares during the last quarter. Arete Wealth Advisors LLC raised its position in Enbridge by 4.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 4,914 shares of the pipeline company’s stock worth $235,000 after acquiring an additional 208 shares during the period. Blue Fin Capital Inc. raised its position in Enbridge by 1.3% in the fourth quarter. Blue Fin Capital Inc. now owns 16,028 shares of the pipeline company’s stock worth $767,000 after acquiring an additional 213 shares during the period. Finally, Guinness Atkinson Asset Management Inc grew its position in shares of Enbridge by 3.4% during the 4th quarter. Guinness Atkinson Asset Management Inc now owns 6,475 shares of the pipeline company’s stock valued at $309,000 after acquiring an additional 213 shares during the period. 54.60% of the stock is currently owned by institutional investors.

Enbridge Price Performance

Shares of Enbridge stock opened at $54.82 on Tuesday. The firm has a market cap of $119.70 billion, a PE ratio of 25.74 and a beta of 0.58. The stock has a 50 day moving average of $54.92 and a 200 day moving average of $51.96. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69. Enbridge Inc has a 12 month low of $43.59 and a 12 month high of $58.45.

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

Enbridge Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a report on Monday, May 11th. Royal Bank Of Canada upped their price target on Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a research report on Friday, May 22nd. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Enbridge has an average rating of “Moderate Buy” and an average target price of $66.50.

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.