Enbridge Inc. (NYSE:ENB) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 56.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,733 shares of the pipeline company’s stock after buying an additional 20,123 shares during the period. Quantinno Capital Management LP’s holdings in Enbridge were worth $2,365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkwood LLC purchased a new stake in Enbridge in the 4th quarter valued at $5,604,000. Nuveen Asset Management LLC raised its holdings in shares of Enbridge by 3.7% in the fourth quarter. Nuveen Asset Management LLC now owns 4,951,100 shares of the pipeline company’s stock valued at $210,058,000 after buying an additional 174,927 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Enbridge by 21.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,177,635 shares of the pipeline company’s stock worth $219,687,000 after buying an additional 904,947 shares during the period. Graver Capital Management LLC purchased a new position in shares of Enbridge during the fourth quarter worth about $242,000. Finally, Greenline Partners LLC increased its position in Enbridge by 1.0% in the 4th quarter. Greenline Partners LLC now owns 335,466 shares of the pipeline company’s stock valued at $14,234,000 after acquiring an additional 3,366 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ENB. Citigroup started coverage on Enbridge in a research note on Friday, April 4th. They issued a “buy” rating on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research report on Monday, May 12th. National Bankshares restated a “sector perform” rating on shares of Enbridge in a research note on Monday, May 12th. Raymond James raised shares of Enbridge to a “moderate buy” rating in a report on Wednesday, April 23rd. Finally, CIBC reissued an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.00.

Enbridge Price Performance

Enbridge stock opened at $45.60 on Wednesday. The company has a market cap of $99.41 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 3.92 and a beta of 0.84. Enbridge Inc. has a one year low of $34.60 and a one year high of $47.08. The business has a fifty day moving average of $44.59 and a two-hundred day moving average of $43.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $7.27 billion during the quarter, compared to analysts’ expectations of $10.20 billion. During the same quarter last year, the business earned $0.92 earnings per share. As a group, analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.679 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, May 15th. This represents a $2.72 annualized dividend and a dividend yield of 5.96%. Enbridge’s payout ratio is 139.69%.

Enbridge Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.