Enbridge Inc (NYSE:ENB) Shares Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC increased its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 12.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 407,266 shares of the pipeline company's stock after purchasing an additional 43,860 shares during the period. Catalyst Capital Advisors LLC's holdings in Enbridge were worth $18,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Aviso Financial Inc. lifted its position in shares of Enbridge by 4.3% during the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after purchasing an additional 58,176 shares in the last quarter. Vanguard Group Inc. increased its stake in Enbridge by 4.1% during the 4th 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 during the period. Greenland Capital Management LP lifted its holdings in Enbridge by 189.1% in the 4th quarter. Greenland Capital Management LP now owns 35,410 shares of the pipeline company's stock worth $1,502,000 after buying an additional 23,160 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Enbridge by 6.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 438,557 shares of the pipeline company's stock worth $19,431,000 after buying an additional 25,071 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Enbridge by 20.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,818,919 shares of the pipeline company's stock valued at $289,044,000 after buying an additional 1,135,000 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Performance

NYSE:ENB traded down $0.03 during trading hours on Friday, reaching $44.76. 1,487,266 shares of the stock were exchanged, compared to its average volume of 3,949,305. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 1.51. The firm has a 50 day simple moving average of $45.76 and a 200-day simple moving average of $44.20. Enbridge Inc has a 52 week low of $35.10 and a 52 week high of $47.44. The stock has a market capitalization of $97.58 billion, a P/E ratio of 23.07, a P/E/G ratio of 4.22 and a beta of 0.79.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. The business had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. During the same period in the prior year, the company posted $0.92 EPS. As a group, sell-side analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were given a $0.679 dividend. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date was Thursday, May 15th. Enbridge's dividend payout ratio (DPR) is presently 140.21%.

Analyst Upgrades and Downgrades

ENB has been the topic of a number of analyst reports. Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Citigroup assumed coverage on Enbridge in a research report on Friday, April 4th. They issued a "buy" rating on the stock. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $67.00.

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.