Regal Investment Advisors LLC Buys New Holdings in Enbridge Inc (ENB)

Regal Investment Advisors LLC bought a new stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) during the fourth quarter, HoldingsChannel.com reports. The fund bought 5,141 shares of the pipeline company’s stock, valued at approximately $201,000.

Other institutional investors have also recently modified their holdings of the company. DAVENPORT & Co LLC boosted its holdings in Enbridge by 38.2% in the fourth quarter. DAVENPORT & Co LLC now owns 1,321,105 shares of the pipeline company’s stock valued at $51,668,000 after acquiring an additional 365,415 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of Enbridge by 3.6% during the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 305,430 shares of the pipeline company’s stock worth $12,033,000 after purchasing an additional 10,519 shares in the last quarter. Capital International Investors lifted its stake in shares of Enbridge by 7.8% during the third quarter. Capital International Investors now owns 41,164,593 shares of the pipeline company’s stock worth $1,721,048,000 after purchasing an additional 2,984,467 shares in the last quarter. Capital City Trust Co. FL lifted its stake in shares of Enbridge by 19.9% during the fourth quarter. Capital City Trust Co. FL now owns 22,936 shares of the pipeline company’s stock worth $959,000 after purchasing an additional 3,804 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its stake in shares of Enbridge by 0.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 676,054 shares of the pipeline company’s stock worth $28,286,000 after purchasing an additional 4,162 shares in the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Enbridge Inc (NYSE:ENB) opened at $34.02 on Friday. The company has a market capitalization of $57,140.00, a PE ratio of 21.81, a price-to-earnings-growth ratio of 3.12 and a beta of 0.56. Enbridge Inc has a one year low of $33.26 and a one year high of $43.46. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.50 and a current ratio of 0.64.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.5278 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.47. Enbridge’s payout ratio is currently 123.08%.

A number of research analysts have commented on the company. Morgan Stanley reduced their price objective on Enbridge from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday. Zacks Investment Research upgraded Enbridge from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Canaccord Genuity restated a “buy” rating and set a $54.00 price objective on shares of Enbridge in a research note on Thursday, November 30th. Bank of America assumed coverage on Enbridge in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Finally, GMP Securities cut Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Enbridge currently has an average rating of “Hold” and a consensus target price of $51.25.

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About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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