Enbridge Inc. (NYSE:ENB) Stock Position Raised by Deutsche Bank AG

by · The Markets Daily

Deutsche Bank AG raised its position in shares of Enbridge Inc. (NYSE:ENB – Free Report) (TSE:ENB) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,336,212 shares of the pipeline company’s stock after purchasing an additional 4,426,684 shares during the quarter. Enbridge accounts for 0.6% of Deutsche Bank AG’s investment portfolio, making the stock its 19th biggest holding. Deutsche Bank AG owned about 1.67% of Enbridge worth $1,541,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Albion Financial Group UT purchased a new position in Enbridge during the 4th quarter valued at about $29,000. Wintrust Investments LLC grew its stake in Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares in the last quarter. GeoWealth Management LLC increased its position in Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 611 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. raised its stake in shares of Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 580 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Enbridge during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup initiated coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a “buy” rating for the company. CIBC restated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. TD Securities began coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Royal Bank of Canada lifted their price objective on Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, Raymond James upgraded shares of Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

View Our Latest Analysis on ENB

Enbridge Trading Up 1.2 %

Shares of ENB stock opened at $46.72 on Thursday. The company has a market cap of $101.85 billion, a PE ratio of 27.16, a P/E/G ratio of 3.92 and a beta of 0.84. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The stock’s fifty day moving average price is $44.08 and its two-hundred day moving average price is $43.24. Enbridge Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $47.08.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the prior year, the company earned $0.64 EPS. Equities analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be 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 is Thursday, May 15th. This represents a $2.72 annualized dividend and a dividend yield of 5.81%. Enbridge’s payout ratio is presently 157.56%.

Enbridge Company 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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