Hantz Financial Services Inc. Purchases 2,558 Shares of Enbridge Inc. (NYSE:ENB)

Hantz Financial Services Inc. increased its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,967 shares of the pipeline company’s stock after acquiring an additional 2,558 shares during the period. Hantz Financial Services Inc.’s holdings in Enbridge were worth $10,521,000 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. Thrivent Financial for Lutherans lifted its position in Enbridge by 4.9% during the second quarter. Thrivent Financial for Lutherans now owns 37,837 shares of the pipeline company’s stock valued at $1,346,000 after purchasing an additional 1,766 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Enbridge by 248.0% during the 2nd quarter. Squarepoint Ops LLC now owns 53,573 shares of the pipeline company’s stock worth $1,907,000 after acquiring an additional 89,773 shares during the last quarter. AQR Capital Management LLC purchased a new position in Enbridge in the second quarter worth $303,000. NewEdge Advisors LLC increased its stake in Enbridge by 4.1% in the second quarter. NewEdge Advisors LLC now owns 303,033 shares of the pipeline company’s stock valued at $10,785,000 after acquiring an additional 11,931 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Enbridge by 2.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 112,302 shares of the pipeline company’s stock valued at $3,997,000 after purchasing an additional 2,415 shares in the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ENB has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 price objective (up from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Morgan Stanley initiated coverage on shares of Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating 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. Finally, TD Securities began coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Enbridge has a consensus rating of “Hold” and an average target price of $63.00.

Enbridge Stock Performance

NYSE:ENB opened at $44.58 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $45.78. The business has a 50 day moving average price of $43.06 and a 200-day moving average price of $41.05. The firm has a market cap of $97.11 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 4.15 and a beta of 0.93.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.15. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same quarter last year, the firm earned $0.46 EPS. Equities research analysts predict that Enbridge Inc. will post 1.97 earnings per share for the current year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, February 14th. Enbridge’s dividend payout ratio (DPR) is currently 121.76%.

Enbridge Company 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.