Applied Capital LLC FL Buys 453 Shares of Enbridge Inc (NYSE:ENB)

by · The Cerbat Gem

Applied Capital LLC FL lifted its stake in shares of Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,380 shares of the pipeline company’s stock after purchasing an additional 453 shares during the quarter. Applied Capital LLC FL’s holdings in Enbridge were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garde Capital Inc. bought a new stake in shares of Enbridge during the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Enbridge during the 1st quarter valued at approximately $28,000. Wintrust Investments LLC grew its holdings in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. GeoWealth Management LLC grew its holdings in Enbridge by 436.4% during the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 611 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in Enbridge by 91.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 365 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

Enbridge Trading Up 0.1%

NYSE:ENB opened at $44.53 on Friday. The firm’s fifty day moving average is $45.49 and its 200-day moving average is $44.32. 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 Inc has a 52 week low of $35.68 and a 52 week high of $47.44. The firm has a market cap of $97.09 billion, a P/E ratio of 22.95, a P/E/G ratio of 4.19 and a beta of 0.79.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last posted its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. The company had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. During the same period in the prior year, the firm posted $0.92 EPS. Equities 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 was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were paid a $0.679 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge’s dividend payout ratio is currently 140.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ENB shares. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a report on Wednesday, April 23rd. Citigroup started coverage on shares of Enbridge in a report on Friday, April 4th. They set a “buy” rating on the stock. National Bankshares reissued a “sector perform” rating on shares of Enbridge in a report on Monday, May 12th. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.00.

View Our Latest Stock Report on ENB

About Enbridge

(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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