Aviva PLC Acquires 105,107 Shares of Enbridge Inc $ENB

Aviva PLC lifted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,004,635 shares of the pipeline company’s stock after purchasing an additional 105,107 shares during the quarter. Aviva PLC’s holdings in Enbridge were worth $96,002,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Mosley Wealth Management bought a new stake in shares of Enbridge in the fourth quarter worth $288,000. Founders Financial Alliance LLC lifted its position in shares of Enbridge by 1.4% in the fourth quarter. Founders Financial Alliance LLC now owns 19,817 shares of the pipeline company’s stock worth $948,000 after purchasing an additional 279 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Enbridge by 1.2% in the fourth quarter. Great Valley Advisor Group Inc. now owns 23,427 shares of the pipeline company’s stock worth $1,120,000 after purchasing an additional 273 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of Enbridge by 28.8% in the fourth quarter. Kovack Advisors Inc. now owns 32,594 shares of the pipeline company’s stock worth $1,559,000 after purchasing an additional 7,296 shares in the last quarter. Finally, Nuveen LLC lifted its position in shares of Enbridge by 0.5% in the fourth quarter. Nuveen LLC now owns 3,917,020 shares of the pipeline company’s stock worth $187,553,000 after purchasing an additional 19,229 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ENB. TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a research report on Monday, May 11th. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a research report on Tuesday, February 17th. Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Royal Bank Of Canada upped their price target on shares of Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.50.

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge and its pipeline subsidiary received noteholder approval for a debt-exchange transaction, a step that simplifies the company’s debt structure and may support a cleaner long-term infrastructure financing strategy. Enbridge Inc. and Enbridge Pipelines Inc. Announce Noteholder Approval of Proposed Debt Exchange Transaction
• Positive Sentiment: A market report said ENB stock rose and outperformed the broader market, reinforcing that recent trading momentum has been favorable. Enbridge Inc. stock rises Wednesday, outperforms market
• Neutral Sentiment: Several articles simply flagged Enbridge as a trending stock, which suggests elevated investor attention but does not by itself change the fundamentals. Here is What to Know Beyond Why Enbridge Inc (ENB) is a Trending Stock
• Neutral Sentiment: Analyst and comparison pieces highlighted Enbridge’s dividend growth history and compared it with peers, but these were largely review articles rather than new catalysts. Enbridge Vs. TC Energy Vs. Pembina Pipeline: How I Rank Canada’s 3 Pipeline Giants
• Neutral Sentiment: Other coverage was mostly informational or unrelated to Enbridge’s core operating outlook, including a pension settlement report and a third-party board appointment involving an Enbridge executive. Ontario court approves $826,836 Enbridge pension settlement

Enbridge Stock Performance

NYSE ENB opened at $56.49 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69. The firm’s fifty day moving average price is $54.77 and its two-hundred day moving average price is $51.61. Enbridge Inc has a 1 year low of $43.59 and a 1 year high of $58.45. The firm has a market capitalization of $123.35 billion, a P/E ratio of 26.52 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $8.49 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, research analysts anticipate that Enbridge Inc will post 2.17 EPS for the current year.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 6.9%. Enbridge’s dividend payout ratio is presently 133.80%.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.