Jamison Private Wealth Management Inc. Buys 17,307 Shares of Enbridge Inc. (NYSE:ENB)

Jamison Private Wealth Management Inc. raised its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 282.3% in the 4th quarter, HoldingsChannel reports. The firm owned 23,438 shares of the pipeline company’s stock after purchasing an additional 17,307 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Enbridge were worth $994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENB. Smith Chas P & Associates PA Cpas purchased a new stake in shares of Enbridge during the 4th quarter valued at $204,000. Flagship Harbor Advisors LLC raised its position in Enbridge by 3.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 6,994 shares of the pipeline company’s stock valued at $297,000 after purchasing an additional 242 shares in the last quarter. Advocate Group LLC lifted its stake in Enbridge by 3.6% during the fourth quarter. Advocate Group LLC now owns 251,521 shares of the pipeline company’s stock worth $10,672,000 after purchasing an additional 8,695 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Enbridge by 26.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 17,235 shares of the pipeline company’s stock worth $731,000 after purchasing an additional 3,598 shares in the last quarter. Finally, apricus wealth LLC increased its position in shares of Enbridge by 1.1% during the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company’s stock valued at $875,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

ENB stock opened at $45.08 on Friday. The stock has a market capitalization of $98.19 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 4.15 and a beta of 0.93. The firm’s 50-day moving average price is $42.99 and its two-hundred day moving average price is $40.86. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $45.78.

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

Enbridge Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge’s payout ratio is 121.76%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. TD Securities began coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley assumed coverage on Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

About Enbridge

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.