Wellington Management Group LLP Has $48.81 Million Holdings in Enbridge Inc. (NYSE:ENB)

Wellington Management Group LLP grew its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,150,521 shares of the pipeline company's stock after purchasing an additional 7,890 shares during the period. Wellington Management Group LLP owned about 0.05% of Enbridge worth $48,806,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Enbridge during the fourth quarter worth approximately $909,415,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 purchasing an additional 9,621,425 shares during the last quarter. Blackstone Inc. lifted its stake in Enbridge by 650.7% during the 4th quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company's stock worth $242,619,000 after acquiring an additional 4,956,379 shares in the last quarter. Deutsche Bank AG lifted its stake in Enbridge by 13.9% during the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock worth $1,541,745,000 after acquiring an additional 4,426,684 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Enbridge in the 4th quarter valued at about $180,941,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Up 0.3%

Shares of NYSE:ENB traded up $0.12 during trading on Tuesday, hitting $47.28. The company's stock had a trading volume of 1,138,806 shares, compared to its average volume of 4,049,470. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $47.40. The stock's 50-day moving average price is $44.98 and its two-hundred day moving average price is $43.77. The company has a market capitalization of $103.07 billion, a PE ratio of 27.49, a PEG ratio of 3.92 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data 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. The firm had revenue of $7.27 billion for the quarter, compared to analysts' expectations of $10.20 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 posted $0.92 earnings per share. As a group, sell-side analysts expect that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were given a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.74%. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio is 139.69%.

Analyst Ratings Changes

A number of research analysts have recently commented on ENB shares. Citigroup started coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a report on Monday, May 12th. Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Raymond James raised Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Six equities 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 has a consensus rating of "Hold" and an average target price of $67.00.

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.