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

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wintrust Investments LLC increased its holdings in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after buying an additional 238 shares during the period. Flagship Harbor Advisors LLC increased its holdings in Enbridge by 3.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 6,994 shares of the pipeline company's stock valued at $297,000 after buying an additional 242 shares during the period. KPP Advisory Services LLC increased its holdings in Enbridge by 4.2% in the 4th quarter. KPP Advisory Services LLC now owns 5,970 shares of the pipeline company's stock valued at $253,000 after buying an additional 242 shares during the period. Sheaff Brock Investment Advisors LLC increased its holdings in Enbridge by 2.0% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 12,749 shares of the pipeline company's stock valued at $541,000 after buying an additional 251 shares during the period. Finally, Knuff & Co LLC increased its holdings in Enbridge by 12.6% in the 4th quarter. Knuff & Co LLC now owns 2,252 shares of the pipeline company's stock valued at $96,000 after buying an additional 252 shares during the period. Institutional investors own 54.60% of the company's stock.

Analyst Upgrades and Downgrades

ENB has been the topic of several analyst reports. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a research note on Monday, May 12th. Citigroup initiated coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, National Bankshares restated a "sector perform" rating on shares of Enbridge in a research note 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 company's stock. According to data from MarketBeat, Enbridge currently has an average rating of "Hold" and an average target price of $67.00.

Enbridge Price Performance

Shares of NYSE:ENB traded up $0.65 on Friday, hitting $46.50. The stock had a trading volume of 4,106,198 shares, compared to its average volume of 4,060,241. Enbridge Inc. has a twelve month low of $34.60 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The firm's 50 day moving average price is $44.93 and its 200-day moving average price is $43.73. The company has a market capitalization of $101.37 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 3.92 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter in the prior year, the company earned $0.92 EPS. On average, equities research analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be given a dividend of $0.679 per share. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, May 15th. This represents a $2.72 annualized dividend and a yield of 5.84%. Enbridge's dividend payout ratio is 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.