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

Jamison Private Wealth Management Inc. has significantly increased its investment in Enbridge Inc. (NYSE:ENB, TSE:ENB) by 282.3% during the fourth quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns a total of 23,438 shares of the pipeline company after acquiring an additional 17,307 shares during this period. The value of Jamison Private Wealth Management Inc.'s investment in Enbridge stood at approximately $994,000 by the end of the last quarter.

Other Institutional Investors' Activity

In addition to Jamison, several other hedge funds and institutional investors have changed their positions in Enbridge. For instance, William B. Walkup & Associates Inc. bought a new stake in the company during the second quarter, with an investment valued at around $28,000. McIlrath & Eck LLC raised its stake in Enbridge by 74.9% in the third quarter, now holding 689 shares worth $28,000, after adding 295 shares in the prior quarter. Furthermore, Albion Financial Group UT established a new position in the fourth quarter, valued at about $29,000. Grove Bank & Trust increased its ownership in Enbridge by 56.7% during the third quarter, now owning 771 shares worth $31,000 after purchasing 279 shares. Additionally, MFA Wealth Advisors LLC boosted its holdings by 55.6% in the third quarter, resulting in ownership of 784 shares valued at $32,000. Overall, institutional investors hold approximately 54.60% of Enbridge's stock.

Current Stock Performance of Enbridge

As of Friday, Enbridge Inc.’s stock opened at $45.08, with a 52-week low of $32.85 and a high of $45.78. The company’s 50-day moving average is at $42.99, while the 200-day moving average is $40.86. Enbridge has a market capitalization of $98.19 billion, a price-to-earnings ratio of 20.87, and a beta of 0.93, indicating moderate volatility.

Enbridge's Recent Earnings Report

On November 1st, Enbridge announced its quarterly earnings, reporting an earnings per share (EPS) of $0.55, which surpassed analysts’ expectations of $0.40 by $0.15. The company recorded revenues of $10.91 billion, significantly exceeding the consensus estimate of $4.54 billion. Enbridge also reported a net margin of 13.54% and a return on equity of 9.94%. Last year, during the same quarter, the company had reported an EPS of $0.46, indicating growth.

Dividend Declared by Enbridge

Enbridge has recently declared a quarterly dividend that is set to be paid out on March 1st. Shareholders who are on record as of February 15th will receive $0.67 per share. The ex-dividend date is February 14th. This dividend amounts to an annualized total of $2.68 and provides a dividend yield of 5.95%. However, it's important to note that Enbridge’s dividend payout ratio (DPR) is currently at 121.76%, suggesting that the company is distributing more in dividends than it is earning.

Wall Street Analysts’ Forecasts

Various analysts have recently updated their positions on Enbridge. Jefferies Financial Group lowered its rating from