Texas Yale Capital Corp. Has $1.47 Million Position in Enbridge (ENB)

Texas Yale Capital Corp. reduced its stake in shares of Enbridge (NYSE:ENB) (TSE:ENB) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,681 shares of the pipeline company’s stock after selling 3,739 shares during the quarter. Texas Yale Capital Corp.’s holdings in Enbridge were worth $1,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in Enbridge by 3.6% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 305,430 shares of the pipeline company’s stock valued at $12,033,000 after buying an additional 10,519 shares during the last quarter. DAVENPORT & Co LLC raised its stake 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 buying an additional 365,415 shares during the last quarter. Capital City Trust Co. FL raised its stake in Enbridge by 19.9% in the fourth quarter. Capital City Trust Co. FL now owns 22,936 shares of the pipeline company’s stock valued at $959,000 after buying an additional 3,804 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Enbridge by 593.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 817,195 shares of the pipeline company’s stock valued at $32,137,000 after buying an additional 699,313 shares during the last quarter. Finally, QS Investors LLC raised its stake in Enbridge by 58.4% in the fourth quarter. QS Investors LLC now owns 15,462 shares of the pipeline company’s stock valued at $605,000 after buying an additional 5,701 shares during the last quarter. Hedge funds and other institutional investors own 62.87% of the company’s stock.

Get Enbridge alerts:

ENB has been the subject of a number of research analyst reports. ValuEngine cut Enbridge from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Morgan Stanley decreased their price target on Enbridge from $38.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, March 23rd. Zacks Investment Research upgraded Enbridge from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. Bank of America initiated coverage on Enbridge in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Finally, Mizuho initiated coverage on Enbridge in a research note on Thursday, March 29th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.67.

In other news, Director Michael E. J. Phelps sold 18,054 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $34.00, for a total value of $613,836.00. Following the transaction, the director now directly owns 56,245 shares of the company’s stock, valued at $1,912,330. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert R. Rooney acquired 6,100 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was purchased at an average cost of $40.80 per share, for a total transaction of $248,880.00. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Shares of ENB stock opened at $31.38 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $52,672.22, a PE ratio of 20.38, a PEG ratio of 1.81 and a beta of 0.63. Enbridge has a fifty-two week low of $29.00 and a fifty-two week high of $42.31.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.39 billion. Enbridge had a return on equity of 5.47% and a net margin of 6.56%. research analysts anticipate that Enbridge will post 1.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be issued a $0.5295 dividend. The ex-dividend date is Monday, May 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.53. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.75%. Enbridge’s dividend payout ratio is currently 138.96%.

Enbridge Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge (NYSE:ENB) (TSE:ENB).

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)