Leo Wealth LLC Boosts Position in Enbridge Inc. (NYSE:ENB)

Leo Wealth LLC lifted its position in Enbridge Inc. (NYSE:ENBFree Report) (TSE:ENB) by 42.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,754 shares of the pipeline company’s stock after purchasing an additional 3,186 shares during the quarter. Leo Wealth LLC’s holdings in Enbridge were worth $456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in Enbridge in the second quarter valued at approximately $303,000. Brookstone Capital Management lifted its stake in shares of Enbridge by 2.2% in the 3rd quarter. Brookstone Capital Management now owns 48,791 shares of the pipeline company’s stock valued at $1,981,000 after purchasing an additional 1,067 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Enbridge by 13.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 5,539 shares of the pipeline company’s stock worth $225,000 after purchasing an additional 636 shares during the period. Valeo Financial Advisors LLC acquired a new position in Enbridge in the third quarter valued at about $230,000. Finally, Priebe Wealth Holdings LLC purchased a new position in Enbridge during the third quarter worth about $203,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Up 0.7 %

Shares of NYSE:ENB opened at $44.51 on Friday. 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 twelve month low of $32.85 and a twelve month high of $45.78. The company has a market capitalization of $96.96 billion, a PE ratio of 20.61, a P/E/G ratio of 4.02 and a beta of 0.94. The firm has a 50 day simple moving average of $43.18 and a 200-day simple moving average of $41.36.

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.02%. The ex-dividend date is Friday, February 14th. Enbridge’s dividend payout ratio is presently 121.76%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENB. Morgan Stanley initiated coverage on shares of Enbridge in a report on Friday, October 25th. They issued an “equal weight” rating on the stock. TD Securities started coverage on Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Wells Fargo & Company raised Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 price objective (up previously from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.00.

Read Our Latest Stock Report on ENB

About Enbridge

(Free Report)

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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