Dimensional Fund Advisors LP Buys 131,272 Shares of Enbridge Inc. (NYSE:ENB)

Dimensional Fund Advisors LP boosted its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,743,401 shares of the pipeline company's stock after purchasing an additional 131,272 shares during the period. Dimensional Fund Advisors LP owned about 0.13% of Enbridge worth $116,400,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ENB. Norges Bank purchased a new position in Enbridge in the 4th quarter valued at approximately $909,415,000. Arrowstreet Capital Limited Partnership lifted its stake in Enbridge by 396.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock valued at $510,816,000 after buying an additional 9,621,425 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Enbridge during the 4th quarter valued at $180,941,000. Vanguard Group Inc. increased its position in Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after buying an additional 3,611,421 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Enbridge by 30.5% in the fourth quarter. Geode Capital Management LLC now owns 13,217,112 shares of the pipeline company's stock worth $571,389,000 after acquiring an additional 3,091,442 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ENB shares. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. TD Securities started coverage on Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Royal Bank of Canada increased their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Citigroup assumed coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. Finally, CIBC reiterated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Enbridge currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Stock Performance

NYSE:ENB remained flat at $46.64 on Wednesday. The company's stock had a trading volume of 800,630 shares, compared to its average volume of 4,211,593. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The business has a 50 day moving average of $43.52 and a 200-day moving average of $43.04. The firm has a market capitalization of $101.68 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a 12-month low of $34.60 and a 12-month high of $46.85.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter last year, the company posted $0.64 earnings per share. As a group, equities research analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is 157.56%.

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.