Enbridge Inc. (NYSE:ENB) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lessened its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 203,311 shares of the pipeline company’s stock after selling 6,478 shares during the period. Trust Co. of Vermont’s holdings in Enbridge were worth $8,626,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ENB. Dimensional Fund Advisors LP boosted its holdings in Enbridge by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,427,686 shares of the pipeline company’s stock worth $86,399,000 after acquiring an additional 25,717 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Enbridge by 4.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 91,941 shares of the pipeline company’s stock valued at $3,272,000 after purchasing an additional 3,894 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Enbridge by 6.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,381 shares of the pipeline company’s stock valued at $489,000 after purchasing an additional 861 shares in the last quarter. WCG Wealth Advisors LLC increased its stake in Enbridge by 30.9% during the 2nd quarter. WCG Wealth Advisors LLC now owns 13,779 shares of the pipeline company’s stock worth $490,000 after buying an additional 3,254 shares during the period. Finally, Cowa LLC acquired a new position in Enbridge in the 2nd quarter worth $210,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

ENB stock traded up $0.50 during trading on Friday, hitting $44.53. 7,091,939 shares of the company’s stock traded hands, compared to its average volume of 2,344,551. The stock has a market capitalization of $97.00 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 4.00 and a beta of 0.93. Enbridge Inc. has a 52 week low of $32.85 and a 52 week high of $44.90. The stock has a fifty day moving average price of $42.71 and a two-hundred day moving average price of $40.47. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The business had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. As a group, equities analysts anticipate that Enbridge Inc. will post 1.97 EPS for the current fiscal year.

Enbridge Cuts Dividend

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

Wall Street Analyst Weigh In

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

About Enbridge

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.