1st Global Advisors Inc. raised its stake in Enbridge Inc (NYSE:ENB) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,243 shares of the company’s stock after buying an additional 662 shares during the period. 1st Global Advisors Inc.’s holdings in Enbridge were worth $340,000 at the end of the most recent quarter.

Enbridge Inc (NYSE:ENB) traded up 4.69% during mid-day trading on Friday, hitting $34.60. 1,265,061 shares of the stock were exchanged. The company has a 50 day moving average price of $31.81 and a 200 day moving average price of $38.22. The firm’s market cap is $29.88 billion. Enbridge Inc has a 52-week low of $27.43 and a 52-week high of $54.43.

Enbridge (NYSE:ENB) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. During the same quarter last year, the firm earned $0.41 EPS. On average, analysts anticipate that Enbridge Inc will post $2.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 1st. Investors of record on Tuesday, February 16th will be issued a $0.3963 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Thursday, February 11th. This is a boost from Enbridge’s previous quarterly dividend of $0.32.

A number of equities research analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of Enbridge in a research report on Thursday, October 22nd. They set an “outperform” rating and a $66.00 target price for the company. Zacks Investment Research raised shares of Enbridge from a “sell” rating to a “hold” rating in a research report on Friday, October 23rd. Scotiabank reissued a “sector outperform” rating and set a $74.00 target price on shares of Enbridge in a research report on Thursday, October 8th. RBC Capital reissued an “outperform” rating and set a $71.00 target price on shares of Enbridge in a research report on Friday, October 9th. Finally, National Bank Financial reissued a “sector perform” rating on shares of Enbridge in a research report on Monday, November 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Enbridge currently has an average rating of “Buy” and an average target price of $66.00.

Enbridge Inc. (NYSE:ENB) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Company’s natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Company’s energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Company’s 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridge’s interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy, Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

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