J. W. Coons Advisors LLC Buys 406 Shares of Enbridge Inc. (NYSE:ENB)

J. W. Coons Advisors LLC raised its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 74,284 shares of the pipeline company’s stock after purchasing an additional 406 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Enbridge were worth $3,152,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ENB. Private Advisor Group LLC increased its stake in Enbridge by 18.2% in the third quarter. Private Advisor Group LLC now owns 122,489 shares of the pipeline company’s stock valued at $4,974,000 after acquiring an additional 18,891 shares during the period. International Assets Investment Management LLC increased its stake in Enbridge by 734.1% in the third quarter. International Assets Investment Management LLC now owns 891,403 shares of the pipeline company’s stock valued at $36,200,000 after acquiring an additional 784,535 shares during the period. Assenagon Asset Management S.A. increased its stake in Enbridge by 19.8% in the third quarter. Assenagon Asset Management S.A. now owns 75,098 shares of the pipeline company’s stock valued at $3,054,000 after acquiring an additional 12,431 shares during the period. Ballentine Partners LLC increased its stake in Enbridge by 3.3% in the third quarter. Ballentine Partners LLC now owns 10,342 shares of the pipeline company’s stock valued at $420,000 after acquiring an additional 329 shares during the period. Finally, Highland Capital Management LLC bought a new stake in Enbridge in the third quarter valued at about $205,000. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

ENB has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Finally, TD Securities initiated coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Enbridge currently has a consensus rating of “Hold” and an average price target of $67.00.

Enbridge Price Performance

NYSE:ENB opened at $41.74 on Monday. The firm has a market cap of $90.94 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The company’s 50-day moving average price is $43.35 and its two-hundred day moving average price is $41.92.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the business earned $0.64 earnings per share. On average, equities analysts anticipate that Enbridge Inc. will post 2.14 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. Stockholders of record on Saturday, February 15th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.42%. Enbridge’s payout ratio is 155.81%.

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.