RFG Advisory LLC Sells 764 Shares of Enbridge Inc. (NYSE:ENB)

RFG Advisory LLC trimmed its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,265 shares of the pipeline company’s stock after selling 764 shares during the period. RFG Advisory LLC’s holdings in Enbridge were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ENB. JPMorgan Chase & Co. grew its holdings in Enbridge by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company’s stock valued at $655,556,000 after purchasing an additional 176,733 shares during the period. Brighton Jones LLC bought a new position in shares of Enbridge in the fourth quarter worth $261,000. Stratos Wealth Partners LTD. boosted its holdings in shares of Enbridge by 13.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 47,647 shares of the pipeline company’s stock worth $2,022,000 after acquiring an additional 5,683 shares during the period. Telos Capital Management Inc. boosted its holdings in shares of Enbridge by 1.6% in the fourth quarter. Telos Capital Management Inc. now owns 141,663 shares of the pipeline company’s stock worth $6,011,000 after acquiring an additional 2,285 shares during the period. Finally, Consolidated Portfolio Review Corp boosted its holdings in shares of Enbridge by 28.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 8,754 shares of the pipeline company’s stock worth $371,000 after acquiring an additional 1,917 shares during the period. 54.60% of the stock is owned by institutional investors.

Enbridge Trading Down 0.8%

Shares of ENB stock opened at $46.49 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge Inc. has a 52-week low of $34.60 and a 52-week high of $47.44. The company has a market capitalization of $101.35 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 3.92 and a beta of 0.81. The business’s fifty day moving average is $45.17 and its 200 day moving average is $43.87.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The company had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. During the same quarter last year, the business posted $0.92 earnings per share. On average, equities research analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were given a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Thursday, May 15th. This is an increase from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio (DPR) is 139.69%.

Analyst Ratings Changes

A number of research firms have recently commented on ENB. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a report on Monday, May 12th. CIBC reaffirmed an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. National Bankshares reaffirmed a “sector perform” rating on shares of Enbridge in a report on Monday, May 12th. Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Citigroup began coverage on Enbridge in a report on Friday, April 4th. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.00.

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.