Enbridge Inc (NYSE:ENB) Shares Purchased by KPP Advisory Services LLC

by · The Markets Daily

KPP Advisory Services LLC increased its holdings in shares of Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) by 18.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,068 shares of the pipeline company’s stock after acquiring an additional 1,098 shares during the period. KPP Advisory Services LLC’s holdings in Enbridge were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Western Wealth Management LLC grew its position in shares of Enbridge by 5.6% during the 1st quarter. Western Wealth Management LLC now owns 6,445 shares of the pipeline company’s stock valued at $286,000 after acquiring an additional 340 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Enbridge by 3.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 96,195 shares of the pipeline company’s stock worth $4,262,000 after buying an additional 2,968 shares during the last quarter. Value Partners Investments Inc. boosted its holdings in Enbridge by 7.3% in the 1st quarter. Value Partners Investments Inc. now owns 44,221 shares of the pipeline company’s stock worth $1,959,000 after buying an additional 2,996 shares during the last quarter. Security National Bank boosted its holdings in Enbridge by 160.4% in the 1st quarter. Security National Bank now owns 1,172 shares of the pipeline company’s stock worth $52,000 after buying an additional 722 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in Enbridge in the 1st quarter worth about $109,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $67.00 target price on shares of Enbridge in a report on Monday, May 12th. National Bankshares restated a “sector perform” rating on shares of Enbridge in a report on Monday, May 12th. Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a report on Wednesday, April 23rd. Finally, Citigroup initiated coverage on Enbridge in a report on Friday, April 4th. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of “Hold” and an average price target of $67.00.

Get Our Latest Analysis on Enbridge

Enbridge Trading Up 1.4%

ENB opened at $45.09 on Friday. Enbridge Inc has a one year low of $35.10 and a one year high of $47.44. The stock has a market capitalization of $98.30 billion, a PE ratio of 23.24, a P/E/G ratio of 4.19 and a beta of 0.81. The business’s 50 day moving average price is $45.83 and its 200 day moving average price is $44.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last announced its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. During the same quarter in the previous year, the company earned $0.92 earnings per share. As a group, equities research analysts expect that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were given a $0.679 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a yield of 6.02%. Enbridge’s payout ratio is presently 140.21%.

Enbridge Profile

(Free Report)

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.

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