OMERS ADMINISTRATION Corp Sells 252,600 Shares of Enbridge Inc. (NYSE:ENB)

OMERS ADMINISTRATION Corp trimmed its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 9.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,372,192 shares of the pipeline company's stock after selling 252,600 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.11% of Enbridge worth $100,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Enbridge by 21.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,177,635 shares of the pipeline company's stock worth $219,687,000 after purchasing an additional 904,947 shares in the last quarter. Graver Capital Management LLC purchased a new position in shares of Enbridge during the fourth quarter valued at $242,000. Greenline Partners LLC raised its position in Enbridge by 1.0% during the fourth quarter. Greenline Partners LLC now owns 335,466 shares of the pipeline company's stock valued at $14,234,000 after buying an additional 3,366 shares during the period. Focus Partners Wealth lifted its stake in Enbridge by 774.0% in the 4th quarter. Focus Partners Wealth now owns 467,349 shares of the pipeline company's stock worth $19,843,000 after acquiring an additional 413,875 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in Enbridge during the 4th quarter worth about $1,123,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENB has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research report on Monday. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. TD Securities began coverage on Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research report on Monday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $67.00.

Enbridge Stock Up 0.1%

Enbridge stock traded up $0.03 during mid-day trading on Thursday, hitting $44.90. 3,616,113 shares of the company's stock were exchanged, compared to its average volume of 4,104,769. Enbridge Inc. has a 1-year low of $34.60 and a 1-year high of $47.08. The stock has a 50 day moving average of $44.44 and a two-hundred day moving average of $43.40. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a market cap of $97.88 billion, a P/E ratio of 26.10, a P/E/G ratio of 3.92 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be given a dividend of $0.679 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a yield of 6.05%. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is presently 139.69%.

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.