Enbridge Inc (NYSE:ENB) Shares Acquired by Mather Group LLC.

Mather Group LLC. lifted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 54.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,016 shares of the pipeline company’s stock after purchasing an additional 714 shares during the quarter. Mather Group LLC.’s holdings in Enbridge were worth $89,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Garde Capital Inc. acquired a new stake in Enbridge in the 1st quarter valued at $26,000. Wintrust Investments LLC grew its stake in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 238 shares during the period. GeoWealth Management LLC grew its stake in Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 611 shares during the period. Wolff Wiese Magana LLC grew its stake in Enbridge by 91.3% in the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 365 shares during the period. Finally, Capital A Wealth Management LLC acquired a new stake in Enbridge in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Down 0.1%

Shares of ENB opened at $44.76 on Friday. Enbridge Inc has a 52-week low of $35.10 and a 52-week high of $47.44. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 1.51. The firm’s fifty day moving average is $45.73 and its two-hundred day moving average is $44.25. The stock has a market cap of $97.58 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 4.22 and a beta of 0.79.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $7.27 billion for the quarter, compared to analysts’ expectations of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same quarter in the previous year, the company posted $0.92 EPS. Research analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were given a dividend of $0.679 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.72 annualized dividend and a dividend yield of 6.07%. Enbridge’s payout ratio is presently 140.21%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ENB. Royal Bank Of Canada reissued an “outperform” rating and issued a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. National Bankshares reissued a “sector perform” rating on shares of Enbridge in a research note on Monday, May 12th. Citigroup started coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a “buy” rating on the stock. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a research note on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

About Enbridge

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.