Dohj LLC Buys 1,546 Shares of Enbridge Inc. (NYSE:ENB)

Dohj LLC grew its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,808 shares of the pipeline company’s stock after purchasing an additional 1,546 shares during the quarter. Dohj LLC’s holdings in Enbridge were worth $389,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ENB. BOK Financial Private Wealth Inc. bought a new position in shares of Enbridge in the fourth quarter valued at about $25,000. Baystate Wealth Management LLC grew its stake in shares of Enbridge by 836.4% in the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 644 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Enbridge in the fourth quarter valued at about $28,000. Financial Gravity Asset Management Inc. grew its stake in shares of Enbridge by 2,294.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 849 shares in the last quarter. Finally, Planned Solutions Inc. acquired a new position in shares of Enbridge in the fourth quarter valued at about $34,000. 54.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ENB has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Enbridge in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Stifel Nicolaus initiated coverage on shares of Enbridge in a research note on Thursday, January 18th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.20.

Enbridge Price Performance

Enbridge stock traded down $0.44 during trading hours on Friday, reaching $35.82. 4,385,230 shares of the stock were exchanged, compared to its average volume of 6,269,155. The company has a market cap of $76.15 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 3.40 and a beta of 0.84. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $40.30. The stock has a 50 day moving average of $35.19 and a two-hundred day moving average of $34.80.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. Equities analysts expect that Enbridge Inc. will post 2.13 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a $0.677 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 7.56%. This is a boost from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio is 129.05%.

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.