GRT Capital Partners L.L.C. raised its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 15,456 shares of the company’s stock after buying an additional 88 shares during the period. GRT Capital Partners L.L.C.’s holdings in Enbridge were worth $649,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Creative Planning increased its stake in Enbridge by 1.6% in the third quarter. Creative Planning now owns 11,122 shares of the company’s stock worth $492,000 after buying an additional 174 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Enbridge by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 87,262 shares of the company’s stock worth $3,667,000 after buying an additional 252 shares during the period. Blue Fin Capital Inc. increased its stake in Enbridge by 0.9% in the second quarter. Blue Fin Capital Inc. now owns 33,190 shares of the company’s stock worth $1,406,000 after buying an additional 300 shares during the period. Wetherby Asset Management Inc. increased its stake in Enbridge by 1.7% in the second quarter. Wetherby Asset Management Inc. now owns 18,098 shares of the company’s stock worth $767,000 after buying an additional 308 shares during the period. Finally, MSI Financial Services Inc increased its stake in Enbridge by 10.6% in the third quarter. MSI Financial Services Inc now owns 3,638 shares of the company’s stock worth $161,000 after buying an additional 348 shares during the period. Institutional investors own 71.79% of the company’s stock.
Enbridge Inc (NYSE:ENB) traded up 0.266% during midday trading on Tuesday, reaching $43.295. 1,514,466 shares of the company traded hands. Enbridge Inc has a one year low of $29.63 and a one year high of $45.77. The firm has a market capitalization of $40.64 billion, a price-to-earnings ratio of 28.691 and a beta of 0.62. The firm has a 50-day moving average price of $43.01 and a 200-day moving average price of $42.62.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.4383 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.40. This represents a $1.75 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, February 13th. Enbridge’s dividend payout ratio is presently 105.33%.
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A number of analysts have recently issued reports on the stock. Citigroup Inc. reiterated a “neutral” rating on shares of Enbridge in a report on Wednesday, January 18th. Scotiabank restated an “outperform” rating and set a $61.00 target price on shares of Enbridge in a report on Sunday, November 6th. Macquarie restated a “buy” rating on shares of Enbridge in a report on Thursday, December 1st. Zacks Investment Research downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Finally, TD Securities restated a “buy” rating and set a $62.00 target price on shares of Enbridge in a report on Sunday, November 6th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Enbridge presently has an average rating of “Buy” and an average price target of $57.18.
Enbridge Company Profile
Enbridge Inc (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States.
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