Cwm LLC Has $1.25 Million Stock Position in Enbridge Inc. (NYSE:ENB)

Cwm LLC lifted its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,786 shares of the pipeline company’s stock after buying an additional 3,712 shares during the quarter. Cwm LLC’s holdings in Enbridge were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Enbridge by 98.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company’s stock valued at $54,578,000 after purchasing an additional 815,850 shares during the last quarter. Clarius Group LLC raised its stake in Enbridge by 25.2% during the 4th quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock valued at $289,000 after purchasing an additional 1,617 shares during the last quarter. S.E.E.D. Planning Group LLC raised its stake in Enbridge by 81.1% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock valued at $8,272,000 after purchasing an additional 102,850 shares during the last quarter. Private Trust Co. NA raised its stake in Enbridge by 5.7% during the 4th quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock valued at $318,000 after purchasing an additional 473 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Enbridge by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock valued at $2,704,715,000 after purchasing an additional 4,400,848 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Down 1.2 %

Shares of ENB stock opened at $35.82 on Friday. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $40.30. The stock has a market cap of $76.15 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 3.40 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The firm has a fifty day moving average of $35.19 and a 200-day moving average of $34.82.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $9.62 billion. On average, equities research analysts forecast that Enbridge Inc. will post 2.13 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a $0.677 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 14th. This represents a $2.71 annualized dividend and a dividend yield of 7.56%. Enbridge’s dividend payout ratio is presently 129.05%.

Analyst Ratings Changes

Several equities analysts recently commented on ENB shares. Stifel Nicolaus started coverage on shares of Enbridge in a research note on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group initiated coverage on shares of Enbridge in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Enbridge has a consensus rating of “Hold” and an average price target of $55.20.

Enbridge Profile

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.