Natixis Advisors LLC Boosts Position in Enbridge Inc. (NYSE:ENB)

Natixis Advisors LLC grew its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 39.6% during the third quarter, Holdings Channel.com reports. The fund owned 193,042 shares of the pipeline company’s stock after purchasing an additional 54,737 shares during the quarter. Natixis Advisors LLC’s holdings in Enbridge were worth $7,839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cibc World Market Inc. boosted its position in Enbridge by 12.8% during the second quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company’s stock valued at $1,157,802,000 after purchasing an additional 3,693,495 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Enbridge by 4.0% during the 3rd quarter. CIBC Asset Management Inc now owns 24,161,024 shares of the pipeline company’s stock worth $984,205,000 after acquiring an additional 936,863 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Enbridge by 3.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,083,951 shares of the pipeline company’s stock valued at $821,331,000 after acquiring an additional 827,540 shares during the last quarter. Toronto Dominion Bank boosted its stake in Enbridge by 3.6% in the second quarter. Toronto Dominion Bank now owns 18,703,423 shares of the pipeline company’s stock valued at $665,655,000 after acquiring an additional 644,526 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Enbridge by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,003,828 shares of the pipeline company’s stock worth $434,300,000 after purchasing an additional 529,913 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ENB. Wells Fargo & Company raised Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of Enbridge in a research report on Friday, October 25th. They issued an “equal weight” rating for the company. Finally, Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th.

Enbridge Stock Performance

Shares of ENB stock opened at $43.46 on Friday. The stock has a market cap of $94.65 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 4.18 and a beta of 0.93. Enbridge Inc. has a 52-week low of $32.85 and a 52-week high of $43.55. The business has a 50-day simple moving average of $41.34 and a 200-day simple moving average of $38.62. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.40 by $0.15. The business had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities analysts expect that Enbridge Inc. will post 2.06 EPS for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be given a dividend of $0.676 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.22%. Enbridge’s dividend payout ratio (DPR) is 121.76%.

Enbridge Company 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.