Enbridge Inc. (NYSE:ENB) Shares Bought by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. grew its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 26.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 809,045 shares of the pipeline company’s stock after acquiring an additional 167,181 shares during the period. Enbridge accounts for 9.8% of Galibier Capital Management Ltd.’s portfolio, making the stock its largest holding. Galibier Capital Management Ltd.’s holdings in Enbridge were worth $34,320,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ENB. William B. Walkup & Associates Inc. bought a new stake in Enbridge during the 2nd quarter worth about $28,000. McIlrath & Eck LLC grew its stake in shares of Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Enbridge by 56.7% in the third quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 279 shares in the last quarter. MFA Wealth Advisors LLC raised its position in Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 280 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new position in Enbridge during the 3rd quarter worth $35,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Performance

Shares of ENB stock opened at $44.53 on Friday. The stock has a market cap of $97.00 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 4.00 and a beta of 0.93. The stock has a 50-day moving average of $42.71 and a 200-day moving average of $40.47. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. Enbridge Inc. has a one year low of $32.85 and a one year high of $44.90.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The company had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the business posted $0.46 earnings per share. As a group, sell-side analysts expect that Enbridge Inc. will post 1.97 earnings per share for the current year.

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be issued a $0.67 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.02%. Enbridge’s dividend payout ratio (DPR) is currently 121.76%.

Analyst Ratings Changes

Several research firms recently issued reports on ENB. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. TD Securities assumed coverage on shares of Enbridge in a research note on Wednesday. They set a “buy” rating for the company. Morgan Stanley started coverage on shares of Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $63.00.

Enbridge 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.