Hyman Charles D Decreases Stock Position in Enbridge Inc. (NYSE:ENB)

Hyman Charles D trimmed its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,850 shares of the pipeline company’s stock after selling 6,670 shares during the quarter. Hyman Charles D’s holdings in Enbridge were worth $3,633,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ENB. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Enbridge in the 4th quarter worth $77,000. Sovereign Financial Group Inc. purchased a new stake in Enbridge during the fourth quarter valued at approximately $222,000. Apollon Wealth Management LLC lifted its stake in shares of Enbridge by 9.5% in the 4th quarter. Apollon Wealth Management LLC now owns 51,249 shares of the pipeline company’s stock valued at $1,847,000 after purchasing an additional 4,454 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Enbridge by 0.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 2,622,189 shares of the pipeline company’s stock worth $94,845,000 after purchasing an additional 15,217 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Enbridge by 11.9% during the 4th quarter. Private Advisor Group LLC now owns 105,884 shares of the pipeline company’s stock valued at $3,814,000 after purchasing an additional 11,226 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Trading Up 0.4 %

ENB stock traded up $0.16 during mid-day trading on Tuesday, reaching $36.83. The company had a trading volume of 4,422,206 shares, compared to its average volume of 5,798,596. The company has a market capitalization of $78.30 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 3.43 and a beta of 0.83. The firm has a 50 day moving average of $35.41 and a 200 day moving average of $35.02. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $40.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. On average, equities analysts predict that Enbridge Inc. will post 2.12 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.677 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 14th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 7.35%. Enbridge’s dividend payout ratio is presently 129.05%.

Analyst Ratings Changes

ENB has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on shares of Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Stifel Nicolaus initiated coverage on shares of Enbridge in a report on Thursday, January 18th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.