12,172 Shares in Enbridge Inc. (NYSE:ENB) Bought by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 12,172 shares of the pipeline company’s stock, valued at approximately $438,000.

A number of other large investors also recently modified their holdings of ENB. Wellington Management Group LLP lifted its stake in Enbridge by 630.3% during the 3rd quarter. Wellington Management Group LLP now owns 32,531,108 shares of the pipeline company’s stock valued at $1,083,938,000 after acquiring an additional 28,076,386 shares in the last quarter. Vanguard Group Inc. lifted its stake in Enbridge by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock valued at $2,704,715,000 after acquiring an additional 4,400,848 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Enbridge by 36.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 10,447,175 shares of the pipeline company’s stock valued at $348,110,000 after acquiring an additional 2,814,200 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Enbridge by 13.9% during the 3rd quarter. Mackenzie Financial Corp now owns 22,523,066 shares of the pipeline company’s stock valued at $710,961,000 after acquiring an additional 2,756,079 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Enbridge by 11.3% during the 3rd quarter. CIBC Asset Management Inc now owns 20,717,604 shares of the pipeline company’s stock valued at $689,270,000 after acquiring an additional 2,101,021 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Performance

ENB traded down $0.44 during trading hours on Friday, hitting $35.82. The stock had a trading volume of 4,383,866 shares, compared to its average volume of 5,769,161. The company’s fifty day simple moving average is $35.16 and its 200 day simple moving average is $34.78. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $40.30. The stock has a market cap of $76.15 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 3.34 and a beta of 0.84. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Equities analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a $0.677 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.71 annualized dividend and a yield of 7.56%. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio (DPR) is 129.05%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Enbridge in a research note on Thursday, January 18th. They set a “hold” rating on the stock. Jefferies Financial Group assumed coverage on Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.20.

About Enbridge

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.