Enbridge Inc (NYSE:ENB) Position Trimmed by Trust Co. of Vermont

Trust Co. of Vermont decreased its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 2.1% in the 1st quarter, Holdings Channel reports. The firm owned 199,008 shares of the pipeline company’s stock after selling 4,303 shares during the quarter. Trust Co. of Vermont’s holdings in Enbridge were worth $8,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Garde Capital Inc. bought a new stake in Enbridge during the first quarter valued at $26,000. Wintrust Investments LLC increased its stake in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. GeoWealth Management LLC increased its stake in Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 611 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in Enbridge by 91.3% during the first quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 365 shares during the last quarter. Finally, Capital A Wealth Management LLC bought a new stake in Enbridge during the fourth quarter valued at $39,000. Institutional investors own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research note on Monday, May 12th. Citigroup began coverage on shares of Enbridge in a research report on Friday, April 4th. They set a “buy” rating for the company. National Bankshares restated a “sector perform” rating on shares of Enbridge in a research report on Monday, May 12th. Royal Bank Of Canada restated an “outperform” rating and set a $67.00 price target on shares of Enbridge in a research report on Monday, May 12th. Finally, Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Enbridge currently has a consensus rating of “Hold” and an average target price of $67.00.

Enbridge Stock Up 1.4%

Enbridge stock opened at $45.09 on Friday. The company has a 50-day simple moving average of $45.83 and a 200-day simple moving average of $44.10. The firm has a market capitalization of $98.30 billion, a P/E ratio of 23.24, a P/E/G ratio of 4.19 and a beta of 0.81. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. Enbridge Inc has a one year low of $35.10 and a one year high of $47.44.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $7.27 billion during the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, equities analysts expect that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were given a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date was Thursday, May 15th. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio is currently 140.21%.

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.