Hexagon Capital Partners LLC Buys 1,380 Shares of Enbridge Inc. (NYSE:ENB)

Hexagon Capital Partners LLC boosted its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 52.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,989 shares of the pipeline company’s stock after purchasing an additional 1,380 shares during the period. Hexagon Capital Partners LLC’s holdings in Enbridge were worth $144,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC boosted its stake in shares of Enbridge by 5.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,623 shares of the pipeline company’s stock worth $203,000 after acquiring an additional 280 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of Enbridge by 24.6% during the 4th quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock worth $55,000 after acquiring an additional 300 shares during the last quarter. Capital Investment Counsel Inc boosted its stake in shares of Enbridge by 5.2% during the 4th quarter. Capital Investment Counsel Inc now owns 6,564 shares of the pipeline company’s stock worth $237,000 after acquiring an additional 326 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Enbridge by 5.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,057 shares of the pipeline company’s stock worth $234,000 after acquiring an additional 341 shares during the last quarter. Finally, Marino Stram & Associates LLC boosted its stake in shares of Enbridge by 1.6% during the 3rd quarter. Marino Stram & Associates LLC now owns 21,685 shares of the pipeline company’s stock worth $720,000 after acquiring an additional 344 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Up 0.2 %

ENB opened at $35.60 on Thursday. The stock has a market cap of $75.67 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.83. Enbridge Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $40.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The firm’s fifty day moving average is $35.26 and its 200 day moving average is $34.88.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $9.62 billion. On average, sell-side analysts forecast that Enbridge Inc. will post 2.12 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm 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 is Tuesday, May 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.66. This represents a $2.71 dividend on an annualized basis and a dividend yield of 7.61%. Enbridge’s payout ratio is 129.05%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ENB. Jefferies Financial Group began coverage on shares of Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus assumed coverage on shares of Enbridge in a research note on Thursday, January 18th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Enbridge presently has an average rating of “Hold” and a consensus price target of $55.20.

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.