Enbridge Inc. (NYSE:ENB) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,880,985 shares of the pipeline company's stock after acquiring an additional 319,435 shares during the period. Enbridge comprises approximately 1.0% of Mackenzie Financial Corp's portfolio, making the stock its 16th largest position. Mackenzie Financial Corp owned 0.87% of Enbridge worth $800,507,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. apricus wealth LLC lifted its position in shares of Enbridge by 1.1% during the 4th 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 last quarter. Cornerstone Wealth Management LLC raised its stake in Enbridge by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after buying an additional 227 shares in the last quarter. Wintrust Investments LLC lifted its holdings in Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of Enbridge by 3.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 6,994 shares of the pipeline company's stock worth $297,000 after acquiring an additional 242 shares in the last quarter. Finally, KPP Advisory Services LLC boosted its position in shares of Enbridge by 4.2% during the 4th quarter. KPP Advisory Services LLC now owns 5,970 shares of the pipeline company's stock worth $253,000 after acquiring an additional 242 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Stock Performance

ENB traded down $0.04 on Tuesday, reaching $46.02. The company had a trading volume of 5,138,547 shares, compared to its average volume of 4,066,753. Enbridge Inc. has a 1 year low of $34.60 and a 1 year high of $47.08. The stock has a market capitalization of $100.33 billion, a PE ratio of 26.76, a P/E/G ratio of 3.92 and a beta of 0.84. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $44.78 and a 200-day moving average price of $43.64.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, research analysts forecast 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. Shareholders of record on Thursday, May 15th will be paid a $0.679 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 5.90%. Enbridge's payout ratio is currently 139.69%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ENB. Raymond James upgraded Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Citigroup started coverage on Enbridge in a research note on Friday, April 4th. They set a "buy" rating for the company. CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, National Bankshares reissued a "sector 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.