Fort Sheridan Advisors LLC Raises Stock Holdings in Enbridge Inc. (NYSE:ENB)

Fort Sheridan Advisors LLC boosted its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,123 shares of the pipeline company’s stock after purchasing an additional 6,836 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Enbridge were worth $1,661,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cohen & Steers Inc. lifted its holdings in shares of Enbridge by 41.0% in the 4th quarter. Cohen & Steers Inc. now owns 115,387 shares of the pipeline company’s stock valued at $4,156,000 after acquiring an additional 33,531 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in shares of Enbridge by 2.8% during the 4th quarter. Jacobi Capital Management LLC now owns 40,564 shares of the pipeline company’s stock worth $1,461,000 after purchasing an additional 1,096 shares during the period. Tortoise Index Solutions LLC grew its stake in shares of Enbridge by 7.6% during the fourth quarter. Tortoise Index Solutions LLC now owns 1,135,847 shares of the pipeline company’s stock valued at $40,913,000 after buying an additional 79,904 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Enbridge in the fourth quarter worth approximately $538,000. Finally, MGO One Seven LLC lifted its stake in shares of Enbridge by 52.7% during the 4th quarter. MGO One Seven LLC now owns 45,164 shares of the pipeline company’s stock worth $1,627,000 after acquiring an additional 15,579 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Down 0.8 %

Shares of ENB stock traded down $0.29 during mid-day trading on Thursday, hitting $35.36. The stock had a trading volume of 3,018,980 shares, compared to its average volume of 5,761,479. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $38.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.59. The firm’s 50-day moving average is $35.87 and its two-hundred day moving average is $35.61. The firm has a market capitalization of $75.18 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. The company had revenue of $8.19 billion during the quarter, compared to analyst estimates of $9 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. On average, analysts predict that Enbridge Inc. will post 2.11 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Wednesday, May 15th were paid a $0.677 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 14th. This represents a $2.71 dividend on an annualized basis and a yield of 7.66%. Enbridge’s payout ratio is 136.04%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group began coverage on Enbridge in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.20.

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.