Jefferies Financial Group Inc. Makes New $784,000 Investment in Enbridge Inc $ENB

Jefferies Financial Group Inc. acquired a new position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) during the fourth quarter, Holdings Channel reports. The fund acquired 16,392 shares of the pipeline company’s stock, valued at approximately $784,000.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Enbridge during the 4th quarter worth $261,000. AQR Capital Management LLC boosted its holdings in shares of Enbridge by 68.5% in the 1st quarter. AQR Capital Management LLC now owns 28,533 shares of the pipeline company’s stock worth $1,264,000 after buying an additional 11,599 shares during the last quarter. AXA S.A. boosted its holdings in shares of Enbridge by 15.5% in the 2nd quarter. AXA S.A. now owns 113,887 shares of the pipeline company’s stock worth $5,161,000 after buying an additional 15,259 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Enbridge by 93.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 22,016 shares of the pipeline company’s stock worth $1,042,000 after buying an additional 10,617 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Enbridge by 80.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 78,507 shares of the pipeline company’s stock worth $3,553,000 after buying an additional 34,912 shares during the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ENB shares. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a report on Friday, May 22nd. Scotiabank reissued an “outperform” rating on shares of Enbridge in a report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Finally, Citigroup reissued a “buy” rating on shares of Enbridge in a report on Thursday, February 19th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Enbridge Trading Down 1.5%

Shares of Enbridge stock opened at $54.75 on Friday. Enbridge Inc has a 52-week low of $43.59 and a 52-week high of $58.45. The stock’s 50-day simple moving average is $54.45 and its 200 day simple moving average is $51.09. The stock has a market capitalization of $119.56 billion, a P/E ratio of 25.71 and a beta of 0.59. 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 (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $8.49 billion. During the same period in the previous year, the business posted $1.03 EPS. As a group, research analysts anticipate that Enbridge Inc will post 2.18 EPS for the current year.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, May 15th. Enbridge’s payout ratio is currently 133.80%.

Enbridge Company Profile

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.