Jamison Private Wealth Management Inc. Increases Shares in Enbridge Inc.

Jamison Private Wealth Management Inc. significantly boosted its investment in Enbridge Inc. (NYSE:ENB) by 282.3% during the fourth quarter, based on its latest report to the Securities and Exchange Commission. Following the purchase of 17,307 additional shares, the fund now holds a total of 23,438 shares in the company. At the conclusion of the recent quarter, Jamison Private Wealth Management's holdings in Enbridge were valued at approximately $994,000.

Many other institutional investors have also made changes to their positions in Enbridge. For instance, William B. Walkup & Associates Inc. entered the market with a new position valued at around $28,000 during the second quarter. Meanwhile, McIlrath & Eck LLC increased its stake by 74.9% in the third quarter, now possessing 689 shares worth about $28,000 after acquiring an additional 295 shares. Albion Financial Group UT purchased a new position valued at approximately $29,000 in the fourth quarter, while Grove Bank & Trust raised its stake by 56.7% during the third quarter, bringing its total to 771 shares worth $31,000 after an additional compraise of 279 shares. Additionally, MFA Wealth Advisors LLC increased holdings by 55.6% in the third quarter, now owning 784 shares valued at $32,000 after buying 280 shares. Together, hedge funds and institutional investors control 54.60% of Enbridge's stock.

Enbridge Stock Overview

The stock of Enbridge opened at $45.08 recently. The company has experienced a 52-week low of $32.85 and a high of $45.78. The fifty-day moving average sits at $42.99, and the 200-day moving average is at $40.86. Its financial ratios reveal a debt-to-equity ratio of 1.41, a quick ratio of 0.54, and a current ratio of 0.62. With a market capitalization of $98.19 billion, Enbridge has a price-to-earnings ratio of 20.87, a PEG ratio of 4.15, and a beta of 0.93.

Recent Earnings Results

On November 1st, Enbridge announced its latest quarterly earnings. The company reported earnings per share (EPS) of $0.55, which exceeded analysts' expectations of $0.40 by $0.15. Enbridge generated revenues of $10.91 billion during the quarter, notably higher than the consensus estimate of $4.54 billion. The company's net margin stood at 13.54%, with a return on equity of 9.94%. Comparatively, the firm reported an EPS of $0.46 during the same quarter last year. Analysts anticipate that Enbridge will achieve an EPS of 1.97 for the current year.

Dividend Declaration and Financials

Recently, Enbridge announced a quarterly dividend of $0.67 per share, set to be paid on March 1st to stockholders on record as of February 15th. The ex-dividend date will be February 14th. This translates to an annualized dividend of $2.68, leading to a dividend yield of 5.95%. Currently, the company's dividend payout ratio is at 121.76%.

Research Activity

Enbridge has received several recent ratings from research analysts. For instance, Jefferies Financial Group downgraded the stock from a "buy" to a "hold" rating. Conversely, Royal Bank of Canada reiterated an "outperform" rating with an increased price target of $63.00, up from $59.00. Furthermore, TD Securities commenced coverage with a "buy" rating, while Morgan Stanley assigned an "equal weight" rating. Wells Fargo upgraded Enbridge from an "underweight" to an "equal weight" rating. Currently, the average rating among analysts is "Hold" with a typical price target of $63.00, as noted by MarketBeat data.

Understanding Enbridge Inc.

Enbridge Inc. operates as an energy infrastructure company through its subsidiaries. It functions across five primary segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Its Liquids Pipelines segment is responsible for the transportation of various crude oil grades and other liquid hydrocarbons within Canada and the United States.

investment, shares, dividend