Enbridge Inc. (NYSE:ENB) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 518,750 shares of the pipeline company's stock after acquiring an additional 79,549 shares during the period. Public Employees Retirement System of Ohio's holdings in Enbridge were worth $22,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Enbridge by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares during the period. GQG Partners LLC boosted its stake in shares of Enbridge by 2.1% in the fourth quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after acquiring an additional 1,495,742 shares during the period. TD Asset Management Inc. lifted its position in shares of Enbridge by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock worth $1,643,935,000 after buying an additional 1,040,799 shares in the last quarter. Deutsche Bank AG boosted its stake in Enbridge by 13.9% during the fourth 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 last quarter. Finally, Norges Bank bought a new position in Enbridge during the fourth quarter valued at approximately $909,415,000. Institutional investors own 54.60% of the company's stock.

Enbridge Stock Performance

ENB traded up $0.28 on Thursday, reaching $45.85. 2,358,264 shares of the stock were exchanged, compared to its average volume of 4,059,695. The company's 50-day moving average price is $44.85 and its 200 day moving average price is $43.67. Enbridge Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $47.08. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The firm has a market capitalization of $99.94 billion, a PE ratio of 26.65, a PEG ratio of 3.92 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The company had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, sell-side analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business 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 dividend of $0.679 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.92%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is presently 139.69%.

Analyst Ratings Changes

A number of brokerages recently commented on ENB. CIBC reissued an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Citigroup initiated coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. National Bankshares restated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $67.00 price objective on shares of Enbridge in a research report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Enbridge presently has an average rating of "Hold" and a consensus price target 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.