Enbridge Inc $ENB Shares Acquired by O Shaughnessy Asset Management LLC

by · The Markets Daily

O Shaughnessy Asset Management LLC increased its position in Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 449,923 shares of the pipeline company’s stock after buying an additional 19,658 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Enbridge were worth $21,523,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of Enbridge in the third quarter valued at approximately $26,000. Turning Point Benefit Group Inc. acquired a new position in shares of Enbridge in the third quarter valued at approximately $28,000. Imprint Wealth LLC acquired a new position in shares of Enbridge in the third quarter valued at approximately $31,000. Garner Asset Management Corp acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $30,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ENB shares. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a research report on Tuesday, February 17th. TD Securities cut shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a research report on Friday, May 22nd. Finally, Scotiabank reissued an “outperform” rating on shares of Enbridge in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Enbridge currently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

View Our Latest Stock Analysis on ENB

Enbridge Price Performance

ENB opened at $55.39 on Tuesday. The company’s 50 day simple moving average is $54.66 and its 200 day simple moving average is $51.44. 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 Inc has a 1 year low of $43.59 and a 1 year high of $58.45. The stock has a market capitalization of $120.94 billion, a PE ratio of 26.00 and a beta of 0.58.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last released its earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $8.49 billion. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. During the same period last year, the company earned $1.03 earnings per share. As a group, sell-side analysts expect that Enbridge Inc will post 2.2 EPS for the current year.

Enbridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Friday, May 15th. Enbridge’s dividend payout ratio is 133.80%.

Enbridge Profile

(Free Report)

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.

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