Enbridge Inc. (NYSE:ENB) Shares Purchased by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. boosted its holdings in Enbridge Inc. (NYSE:ENBFree Report) (TSE:ENB) by 16.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,047 shares of the pipeline company’s stock after acquiring an additional 1,448 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Enbridge were worth $362,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. acquired a new position in shares of Enbridge during the 4th quarter valued at $25,000. Baystate Wealth Management LLC increased its position in shares of Enbridge by 836.4% during the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 644 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Enbridge during the 4th quarter valued at $28,000. Financial Gravity Asset Management Inc. increased its position in shares of Enbridge by 2,294.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 849 shares during the period. Finally, Planned Solutions Inc. acquired a new position in shares of Enbridge during the 4th quarter valued at $34,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Up 0.8 %

Shares of Enbridge stock traded up $0.27 during midday trading on Friday, hitting $36.24. The company’s stock had a trading volume of 3,053,397 shares, compared to its average volume of 6,709,797. The firm has a market capitalization of $77.04 billion, a P/E ratio of 18.40, a PEG ratio of 3.43 and a beta of 0.86. The stock has a 50-day simple moving average of $35.83 and a 200-day simple moving average of $35.39. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. Enbridge Inc. has a 1-year low of $31.03 and a 1-year high of $38.37.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be given a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Tuesday, May 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio (DPR) is 136.04%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group assumed coverage on Enbridge in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.20.

Read Our Latest Research Report on ENB

About Enbridge

(Free Report)

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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