Mackenzie Financial Corp Has $800.51 Million Stock Position in Enbridge Inc. (NYSE:ENB)

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

Several other institutional investors and hedge funds also recently made changes to their positions in ENB. apricus wealth LLC raised its holdings in shares of Enbridge by 1.1% in the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after buying an additional 220 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Enbridge by 0.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock worth $1,252,000 after purchasing an additional 227 shares in the last quarter. Wintrust Investments LLC grew its stake in shares of Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Enbridge by 3.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 6,994 shares of the pipeline company's stock valued at $297,000 after purchasing an additional 242 shares in the last quarter. Finally, KPP Advisory Services LLC increased its holdings in shares of Enbridge by 4.2% in the fourth quarter. KPP Advisory Services LLC now owns 5,970 shares of the pipeline company's stock valued at $253,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Stock Up 0.5%

Shares of NYSE:ENB traded up $0.24 during trading on Thursday, hitting $45.81. 1,154,529 shares of the company were exchanged, compared to its average volume of 4,054,365. Enbridge Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $47.08. The stock has a market cap of $99.87 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 3.92 and a beta of 0.84. 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 firm has a fifty day moving average price of $44.85 and a two-hundred day moving average price of $43.67.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released 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. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm 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 company earned $0.92 earnings per share. As a group, research analysts anticipate 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 will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is 139.69%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $67.00 price objective on shares of Enbridge in a report on Monday, May 12th. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average 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.