Leonteq Securities AG Purchases 12,498 Shares of Enbridge Inc $ENB

Leonteq Securities AG boosted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1,079.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,656 shares of the pipeline company’s stock after acquiring an additional 12,498 shares during the period. Leonteq Securities AG’s holdings in Enbridge were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MIdWestOne Financial Group Inc. boosted its holdings in Enbridge by 4.3% in the 4th quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock valued at $235,000 after purchasing an additional 203 shares during the period. Sumitomo Life Insurance Co. raised its position in shares of Enbridge by 1.1% in the fourth quarter. Sumitomo Life Insurance Co. now owns 18,621 shares of the pipeline company’s stock worth $891,000 after buying an additional 205 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of 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 buying an additional 208 shares in the last quarter. Blue Fin Capital Inc. boosted its stake in Enbridge by 1.3% during the fourth quarter. Blue Fin Capital Inc. now owns 16,028 shares of the pipeline company’s stock valued at $767,000 after buying an additional 213 shares during the period. Finally, Guinness Atkinson Asset Management Inc boosted its stake in Enbridge by 3.4% during the fourth quarter. Guinness Atkinson Asset Management Inc now owns 6,475 shares of the pipeline company’s stock valued at $309,000 after buying an additional 213 shares during the period. Institutional investors own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ENB shares. Wall Street Zen cut Enbridge from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Scotiabank reiterated an “outperform” rating on shares of Enbridge in a research report on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. Royal Bank Of Canada raised their target price 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, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Enbridge 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Enbridge Stock Down 0.1%

ENB opened at $54.05 on Friday. The business’s fifty day simple moving average is $55.32 and its 200 day simple moving average is $52.38. Enbridge Inc has a 52 week low of $43.59 and a 52 week high of $58.45. 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 $118.04 billion, a PE ratio of 25.37 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last posted 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. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $8.49 billion. During the same period in the prior year, the business earned $1.03 EPS. As a group, research analysts expect that Enbridge Inc will post 2.16 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.88 annualized dividend and a yield of 7.2%. Enbridge’s dividend payout ratio is currently 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.