Shepherd Street Advisors LLC Purchases Shares of 13,252 Enbridge Inc $ENB

by · The Markets Daily

Shepherd Street Advisors LLC bought a new position in shares of Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,252 shares of the pipeline company’s stock, valued at approximately $634,000.

Several other large investors have also made changes to their positions in ENB. Tsfg LLC raised its stake in shares of Enbridge by 329.6% during the 3rd quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock worth $25,000 after buying an additional 379 shares during the period. Triumph Capital Management acquired a new position in shares of Enbridge during the 3rd quarter worth approximately $26,000. Turning Point Benefit Group Inc. acquired a new position in shares of Enbridge during the 3rd quarter worth approximately $28,000. Garner Asset Management Corp acquired a new position in shares of Enbridge during the 4th quarter worth approximately $30,000. Finally, Imprint Wealth LLC acquired a new position in shares of Enbridge during the 3rd quarter worth approximately $31,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Up 2.6%

Shares of ENB opened at $56.34 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.73 and a current ratio of 0.81. Enbridge Inc has a one year low of $43.59 and a one year high of $58.45. The stock has a market capitalization of $123.04 billion, a price-to-earnings ratio of 26.45 and a beta of 0.58. The stock has a 50 day moving average price of $54.47 and a 200 day moving average price of $51.16.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last issued its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 EPS for the quarter, topping the consensus estimate 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 previous year, the business earned $1.03 earnings per share. Equities research analysts forecast 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. This represents a $3.88 annualized dividend and a yield of 6.9%. The ex-dividend date was Friday, May 15th. Enbridge’s dividend payout ratio is presently 133.80%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ENB shares. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Enbridge in a research note on Monday, May 11th. Royal Bank Of Canada upped their target price on Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. TD Securities downgraded Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen cut Enbridge from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Enbridge currently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Read Our Latest Analysis on ENB

About Enbridge

(Free Report)

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.

Further Reading

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