RFG Advisory LLC Has $638,000 Stock Holdings in Enbridge Inc. (NYSE:ENB)

RFG Advisory LLC lowered its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,029 shares of the pipeline company’s stock after selling 3,146 shares during the period. RFG Advisory LLC’s holdings in Enbridge were worth $638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. William B. Walkup & Associates Inc. acquired a new stake in shares of Enbridge in the 2nd quarter valued at $28,000. McIlrath & Eck LLC lifted its position in shares of Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after buying an additional 295 shares during the last quarter. Albion Financial Group UT bought a new stake in shares of Enbridge during the 4th quarter worth about $29,000. Grove Bank & Trust increased its holdings in shares of Enbridge by 56.7% during the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 279 shares during the last quarter. Finally, MFA Wealth Advisors LLC raised its stake in shares of Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 280 shares in the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Trading Up 0.5 %

Shares of Enbridge stock opened at $45.08 on Monday. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $45.78. The stock has a market capitalization of $98.19 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 4.15 and a beta of 0.93. The company has a 50-day simple moving average of $42.99 and a 200 day simple moving average of $40.89. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. The company had revenue of $10.91 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same quarter in the previous year, the company posted $0.46 earnings per share. Research analysts expect that Enbridge Inc. will post 1.97 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ENB shares. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Morgan Stanley began coverage on shares of Enbridge in a report on Friday, October 25th. They set an “equal weight” rating for 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 started coverage on Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $63.00 target price (up previously from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.