Oppenheimer Asset Management Inc. Has $25.94 Million Stock Holdings in Enbridge Inc (NYSE:ENB)

Oppenheimer Asset Management Inc. boosted its position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 29.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 585,351 shares of the pipeline company's stock after acquiring an additional 133,652 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Enbridge were worth $25,937,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ENB. Vanguard Group Inc. increased its position in shares of Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares during the period. GQG Partners LLC boosted its stake in Enbridge by 2.1% during the fourth quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after buying an additional 1,495,742 shares in the last quarter. TD Asset Management Inc. increased its holdings in Enbridge by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after buying an additional 1,040,799 shares during the period. Deutsche Bank AG increased its holdings in Enbridge by 13.9% in the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock valued at $1,541,745,000 after buying an additional 4,426,684 shares during the period. Finally, Norges Bank acquired a new position in shares of Enbridge in the 4th quarter valued at $909,415,000. Institutional investors and hedge funds own 54.60% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank Of Canada restated an "outperform" rating and set a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Finally, Wall Street Zen raised 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 stock. According to MarketBeat, Enbridge has a consensus rating of "Hold" and a consensus target price of $67.00.

Enbridge Price Performance

NYSE ENB traded up $0.61 during trading hours on Thursday, reaching $45.09. 2,708,811 shares of the company's stock were exchanged, compared to its average volume of 3,952,399. The firm has a fifty day moving average of $45.83 and a 200-day moving average of $44.10. Enbridge Inc has a one year low of $35.10 and a one year high of $47.44. The stock has a market cap of $98.30 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 4.19 and a beta of 0.81. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. The company had revenue of $7.27 billion for the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. On average, equities research analysts predict that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 6.02%. The ex-dividend date was Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is presently 140.21%.

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.