Enbridge Inc. (NYSE:ENB) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV trimmed its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 46.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,356 shares of the pipeline company's stock after selling 47,848 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Enbridge were worth $2,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ENB. apricus wealth LLC lifted its holdings in shares of Enbridge by 1.1% during the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock worth $875,000 after purchasing an additional 220 shares during the period. Cornerstone Wealth Management LLC raised its position in Enbridge by 0.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock worth $1,252,000 after buying an additional 227 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Enbridge by 3.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock worth $319,000 after acquiring an additional 230 shares during the period. Wintrust Investments LLC boosted its holdings in shares of Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 238 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in shares of Enbridge by 10.6% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock worth $106,000 after acquiring an additional 240 shares during the period. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Down 0.8 %

Shares of NYSE ENB opened at $46.21 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The firm's 50-day moving average is $44.00 and its two-hundred day moving average is $43.21. Enbridge Inc. has a 12-month low of $34.60 and a 12-month high of $47.08. The company has a market capitalization of $100.74 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.92 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its 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 for the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the prior year, the firm earned $0.64 EPS. Equities analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a $0.679 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.88%. This is an increase from Enbridge's previous quarterly dividend of $0.67. Enbridge's payout ratio is currently 157.56%.

Wall Street Analyst Weigh In

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

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.

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