Jamison Private Wealth Management Inc. Expands Investment in Enbridge Inc.

Jamison Private Wealth Management Inc. significantly increased its investment in Enbridge Inc. (NYSE:ENB - Free Report) during the fourth quarter, boosting its holdings by an impressive 282.3%. According to the firm's latest filing with the Securities and Exchange Commission, Jamison now owns a total of 23,438 shares of Enbridge after purchasing an additional 17,307 shares in this period. The value of these holdings reached approximately $994,000 at the end of the most recent quarter.

In addition to Jamison, several other institutional investors have been active in trading shares of Enbridge. For instance, William B. Walkup & Associates Inc. made a new investment in Enbridge shares during the second quarter valued at around $28,000. Similarly, McIlrath & Eck LLC increased its stake in the company by 74.9% in the third quarter and now possesses 689 shares valued at $28,000 after acquiring an extra 295 shares. Albion Financial Group UT also established a new position in Enbridge, valued at approximately $29,000, in the fourth quarter. Moreover, Grove Bank & Trust raised its stake by 56.7%, owning 771 shares worth $31,000 after purchasing an additional 279 shares. MFA Wealth Advisors LLC rounded out this trend with a 55.6% increase in its holdings, now owning 784 shares valued at $32,000.

Performance of Enbridge Stock

On the stock market, Enbridge was trading at $45.08. The company has seen a 52-week range with a low of $32.85 and a high of $45.78. Enbridge's fifty-day moving average stands at $42.99, while its 200-day moving average is $40.86. Financially, the company has a market capitalization of $98.19 billion, a price-to-earnings ratio of 20.87, and a debt-to-equity ratio of 1.41, which shows a certain level of financial risk. Its quick ratio is 0.54 and its current ratio is 0.62.

Dividend Announcement

Enbridge recently declared a quarterly dividend set to be paid on March 1. Shareholders on record as of February 15 will receive a dividend of $0.67 per share. The stock's ex-dividend date is February 14. This dividend amounts to an annualized total of $2.68, giving it a yield of 5.95%. However, it is worth noting that Enbridge has a dividend payout ratio of 121.76%, which could raise concerns about the sustainability of its dividend in the long term.

Analyst Ratings for Enbridge

Research reports have frequently discussed Enbridge, with ratings coming from various analysts. Notably, Jefferies Financial Group downgraded the stock from a "buy" to a "hold" rating. On the other hand, Royal Bank of Canada reaffirmed an "outperform" rating with a new price target of $63.00, up from $59.00. TD Securities also initiated coverage of Enbridge with a "buy" rating. Meanwhile, Wells Fargo & Company upgraded its stance from "underweight" to "equal weight." Overall, analysts are divided, with three rating the stock as a hold and two giving it a buy rating. The consensus recommendation remains a "Hold" with an average price target of $63.00.

About Enbridge Inc.

Enbridge Inc. is a major energy infrastructure company that operates through various segments, including Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment focuses on transporting different grades of crude oil and other liquid hydrocarbons across Canada and the United States.

investment, shares, dividend