159,704 Shares in Enbridge Inc $ENB Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 159,704 shares of the pipeline company’s stock, valued at approximately $8,646,000.

A number of other institutional investors also recently bought and sold shares of the business. Triumph Capital Management purchased a new position in shares of Enbridge during the third quarter worth about $26,000. Turning Point Benefit Group Inc. purchased a new stake in Enbridge during the 3rd quarter valued at approximately $28,000. Inspire Investing LLC purchased a new stake in Enbridge during the 4th quarter valued at approximately $29,000. Imprint Wealth LLC acquired a new stake in Enbridge during the 3rd quarter worth approximately $31,000. Finally, Garner Asset Management Corp acquired a new stake in Enbridge during the 4th quarter worth approximately $30,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENB has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Enbridge in a report on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Saturday. Scotiabank reissued an “outperform” rating on shares of Enbridge in a research note on Monday, May 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Enbridge Stock Performance

NYSE:ENB opened at $56.24 on Friday. The firm’s fifty day simple moving average is $55.12 and its 200-day simple moving average is $52.15. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.69. The stock has a market cap of $122.84 billion, a PE ratio of 26.41 and a beta of 0.58. Enbridge Inc has a fifty-two week low of $43.59 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $8.49 billion. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. During the same quarter last year, the business earned $1.03 earnings per share. Analysts expect that Enbridge Inc will post 2.18 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a yield of 6.9%. Enbridge’s dividend payout ratio (DPR) is 133.80%.

About Enbridge

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.