Columbus Macro LLC Has $15.56 Million Position in Enbridge Inc $ENB

Columbus Macro LLC boosted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 308,410 shares of the pipeline company’s stock after acquiring an additional 27,141 shares during the quarter. Enbridge accounts for 1.8% of Columbus Macro LLC’s portfolio, making the stock its 4th largest position. Columbus Macro LLC’s holdings in Enbridge were worth $15,564,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC increased its holdings in shares of Enbridge by 73.1% during the third quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 236 shares during the period. Whipplewood Advisors LLC lifted its holdings in Enbridge by 112.4% in the second quarter. Whipplewood Advisors LLC now owns 582 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 308 shares during the period. Financial Gravity Companies Inc. acquired a new stake in Enbridge in the second quarter worth about $29,000. Twin Peaks Wealth Advisors LLC bought a new position in Enbridge in the 2nd quarter valued at about $31,000. Finally, Addison Advisors LLC acquired a new position in Enbridge during the 2nd quarter valued at about $35,000. Institutional investors own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ENB shares. Zacks Research downgraded shares of Enbridge from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Weiss Ratings lowered Enbridge from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 22nd. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Monday, November 10th. Wall Street Zen cut shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Finally, Cibc World Mkts downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.00.

Enbridge Trading Up 0.2%

Shares of ENB opened at $47.52 on Friday. The business’s 50-day moving average price is $47.54 and its 200 day moving average price is $47.19. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $103.66 billion, a P/E ratio of 26.11 and a beta of 0.68. Enbridge Inc has a 1-year low of $39.73 and a 1-year high of $50.54.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, November 7th. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Enbridge had a net margin of 9.20% and a return on equity of 10.51%. During the same period in the prior year, the company posted $0.55 earnings per share. Analysts expect that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Tuesday, February 17th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $3.88 dividend on an annualized basis and a yield of 8.2%. This is a positive change from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio (DPR) is 147.80%.

Enbridge 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.