Enbridge Inc (NYSE:ENB) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 374,812 shares of the pipeline company's stock after selling 11,452 shares during the period. Oppenheimer & Co. Inc.'s holdings in Enbridge were worth $16,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENB. Garde Capital Inc. bought a new stake in Enbridge during the 1st quarter valued at $26,000. Wintrust Investments LLC raised its stake in shares of 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 acquiring an additional 238 shares in the last quarter. GeoWealth Management LLC boosted its stake in Enbridge by 436.4% in the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Enbridge by 91.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock worth $34,000 after buying an additional 365 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in Enbridge in the fourth quarter worth about $39,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Performance

ENB traded up $0.61 during trading 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 company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. Enbridge Inc has a 1 year low of $35.10 and a 1 year high of $47.44. The company's fifty day simple moving average is $45.83 and its 200-day simple moving average is $44.10. The stock has a market capitalization of $98.30 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 4.19 and a beta of 0.81.

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, topping analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were issued a $0.679 dividend. The ex-dividend date was Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 6.02%. Enbridge's payout ratio is presently 140.21%.

Analyst Upgrades and Downgrades

ENB has been the subject of a number of recent analyst reports. CIBC reiterated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a research report on Monday, May 12th. Finally, National Bankshares restated a "sector 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 issued a buy rating to the stock. According to MarketBeat.com, the stock 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.