Benjamin F. Edwards & Company Inc. Lowers Holdings in Enbridge Inc. (NYSE:ENB)

Benjamin F. Edwards & Company Inc. lessened its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,445 shares of the pipeline company’s stock after selling 4,341 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Enbridge were worth $1,825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. BOK Financial Private Wealth Inc. acquired a new position in Enbridge in the fourth quarter valued at about $25,000. Baystate Wealth Management LLC boosted its position in shares of Enbridge by 836.4% during the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 644 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in Enbridge in the 4th quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. lifted its stake in Enbridge by 2,294.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 849 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new position in shares of Enbridge during the fourth quarter worth $34,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Trading Down 0.2 %

NYSE ENB opened at $36.34 on Monday. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $40.30. The firm has a 50 day moving average of $35.32 and a two-hundred day moving average of $34.95. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $77.26 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 3.43 and a beta of 0.83.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. As a group, research analysts expect that Enbridge Inc. will post 2.12 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s payout ratio is currently 129.05%.

Analyst Upgrades and Downgrades

ENB has been the topic of several research reports. Jefferies Financial Group assumed coverage on Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus started coverage on shares of Enbridge in a research note on Thursday, January 18th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.20.

Enbridge Company Profile

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.