Galibier Capital Management Ltd. Has $30.75 Million Stock Holdings in Enbridge Inc (NYSE:ENB)

Galibier Capital Management Ltd. reduced its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 14.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,942 shares of the pipeline company's stock after selling 114,103 shares during the period. Enbridge accounts for about 9.6% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 2nd largest holding. Galibier Capital Management Ltd.'s holdings in Enbridge were worth $30,753,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Aviso Financial Inc. lifted its position in Enbridge by 4.3% during the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock valued at $60,152,000 after acquiring an additional 58,176 shares during the period. Vanguard Group Inc. lifted its position in Enbridge by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after acquiring an additional 3,611,421 shares during the period. Greenland Capital Management LP lifted its position in Enbridge by 189.1% during the 4th quarter. Greenland Capital Management LP now owns 35,410 shares of the pipeline company's stock valued at $1,502,000 after acquiring an additional 23,160 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Enbridge by 6.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 438,557 shares of the pipeline company's stock valued at $19,431,000 after acquiring an additional 25,071 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in Enbridge by 20.0% during 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 acquiring an additional 1,135,000 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Performance

Shares of ENB traded up $0.04 during mid-day trading on Friday, hitting $44.53. 4,989,470 shares of the company traded hands, compared to its average volume of 3,968,477. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. The stock has a 50-day moving average price of $45.49 and a two-hundred day moving average price of $44.32. Enbridge Inc has a 1 year low of $35.68 and a 1 year high of $47.44. The stock has a market cap of $97.09 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 4.19 and a beta of 0.79.

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 for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same period in the previous year, the company earned $0.92 earnings per share. Equities analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were given a dividend of $0.679 per share. This represents a $2.72 annualized dividend and a yield of 6.10%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. Enbridge's payout ratio is 140.21%.

Analyst Upgrades and Downgrades

ENB has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Enbridge in a research report on Friday, April 4th. They set a "buy" rating for the company. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. National Bankshares restated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Enbridge currently has an average rating of "Hold" and an average target price of $67.00.

Enbridge 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.