J.W. Cole Advisors Inc. Has $700,000 Holdings in Enbridge Inc. (NYSE:ENB)

J.W. Cole Advisors Inc. cut its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,492 shares of the pipeline company’s stock after selling 406 shares during the period. J.W. Cole Advisors Inc.’s holdings in Enbridge were worth $700,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. McIlrath & Eck LLC boosted its holdings in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT bought a new stake in Enbridge in the fourth quarter worth $29,000. MFA Wealth Advisors LLC boosted its holdings in Enbridge by 55.6% in the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 280 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Enbridge in the third quarter worth $35,000. Finally, Darwin Wealth Management LLC bought a new stake in Enbridge in the third quarter worth $37,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Down 1.0 %

NYSE ENB opened at $42.31 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. The firm has a 50-day simple moving average of $43.35 and a 200 day simple moving average of $41.84. Enbridge Inc. has a twelve month low of $32.85 and a twelve month high of $45.78. The stock has a market cap of $92.20 billion, a PE ratio of 24.60, a PEG ratio of 4.02 and a beta of 0.94.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.15%. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company earned $0.64 earnings per share. On average, research analysts forecast that Enbridge Inc. will post 2.15 EPS for the current 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 6.33%. The ex-dividend date is Friday, February 14th. Enbridge’s payout ratio is presently 155.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Enbridge in a report on Friday, October 25th. They set an “equal weight” rating for the company. Royal Bank of Canada upped their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.00.

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.