Enbridge Inc. (NYSE:ENB) Shares Purchased by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC grew its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 32.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,575 shares of the pipeline company’s stock after buying an additional 625 shares during the period. HHM Wealth Advisors LLC’s holdings in Enbridge were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ENB. Burford Brothers Inc. acquired a new stake in shares of Enbridge in the fourth quarter valued at $203,000. U.S. Capital Wealth Advisors LLC increased its position in Enbridge by 1.0% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 169,421 shares of the pipeline company’s stock worth $7,189,000 after purchasing an additional 1,720 shares during the period. Golden State Equity Partners increased its holdings in shares of Enbridge by 334.4% in the 4th quarter. Golden State Equity Partners now owns 8,132 shares of the pipeline company’s stock valued at $345,000 after purchasing an additional 6,260 shares in the last quarter. PBMares Wealth Management LLC lifted its position in shares of Enbridge by 7.2% during the 4th quarter. PBMares Wealth Management LLC now owns 5,303 shares of the pipeline company’s stock valued at $225,000 after acquiring an additional 356 shares during the period. Finally, Five Oceans Advisors raised its holdings in Enbridge by 10.8% during the fourth quarter. Five Oceans Advisors now owns 7,279 shares of the pipeline company’s stock worth $309,000 after purchasing an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.7 %

Enbridge stock opened at $42.94 on Tuesday. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $45.78. The stock has a market capitalization of $93.54 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 4.02 and a beta of 0.94. The firm has a 50 day simple moving average of $43.11 and a 200-day simple moving average of $41.22. 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 (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. The firm had revenue of $10.91 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, equities research analysts expect that Enbridge Inc. will post 1.97 EPS for the current fiscal year.

Enbridge Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Friday, February 14th. Enbridge’s payout ratio is presently 121.76%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENB shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 price target (up from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Morgan Stanley assumed coverage on shares of Enbridge in a report on Friday, October 25th. They issued an “equal weight” rating on the stock. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Finally, TD Securities started coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.00.

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.