Venturi Wealth Management LLC Purchases 1,802 Shares of Enbridge Inc. (NYSE:ENB)

Venturi Wealth Management LLC grew its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 157.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,949 shares of the pipeline company’s stock after acquiring an additional 1,802 shares during the quarter. Venturi Wealth Management LLC’s holdings in Enbridge were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ENB. Private Advisor Group LLC boosted its holdings in shares of Enbridge by 18.2% in the 3rd quarter. Private Advisor Group LLC now owns 122,489 shares of the pipeline company’s stock valued at $4,974,000 after buying an additional 18,891 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Enbridge by 734.1% in the 3rd quarter. International Assets Investment Management LLC now owns 891,403 shares of the pipeline company’s stock valued at $36,200,000 after purchasing an additional 784,535 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Enbridge by 19.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 75,098 shares of the pipeline company’s stock valued at $3,054,000 after purchasing an additional 12,431 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Enbridge by 3.3% in the 3rd quarter. Ballentine Partners LLC now owns 10,342 shares of the pipeline company’s stock valued at $420,000 after purchasing an additional 329 shares during the last quarter. Finally, Highland Capital Management LLC purchased a new position in shares of Enbridge in the 3rd quarter valued at approximately $205,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Performance

ENB opened at $41.74 on Friday. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $45.78. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $90.94 billion, a PE ratio of 24.26, a P/E/G ratio of 3.92 and a beta of 0.94. The firm has a 50 day moving average of $43.35 and a two-hundred day moving average of $41.89.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the firm earned $0.64 EPS. On average, analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge’s dividend payout ratio (DPR) is 155.81%.

Analyst Upgrades and Downgrades

ENB has been the subject of several research analyst reports. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. TD Securities initiated coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada increased their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Enbridge presently has a consensus rating of “Hold” and a consensus target price of $67.00.

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.