Bank of New Hampshire Boosts Holdings in Enbridge Inc. (NYSE:ENB)

Bank of New Hampshire raised its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,400 shares of the pipeline company’s stock after purchasing an additional 787 shares during the quarter. Bank of New Hampshire’s holdings in Enbridge were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ENB. BOK Financial Private Wealth Inc. purchased a new stake in Enbridge in the fourth quarter valued at $25,000. Baystate Wealth Management LLC boosted its stake in shares of Enbridge by 836.4% during the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 644 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Enbridge during the 4th quarter worth about $28,000. Financial Gravity Asset Management Inc. boosted its stake in shares of Enbridge by 2,294.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 849 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new stake in shares of Enbridge during the 4th quarter worth about $34,000. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ENB shares. Jefferies Financial Group assumed 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 report 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.20.

Enbridge Price Performance

Shares of NYSE:ENB traded up $0.60 during trading hours on Thursday, hitting $36.26. 9,639,513 shares of the company’s stock traded hands, compared to its average volume of 5,781,820. Enbridge Inc. has a 52 week low of $31.03 and a 52 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 company’s fifty day simple moving average is $35.12 and its two-hundred day simple moving average is $34.77. The company has a market cap of $77.09 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.32 and a beta of 0.84.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. As a group, equities analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be given a dividend of $0.677 per share. 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 yield of 7.47%. Enbridge’s payout ratio is presently 129.05%.

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.