Quantitative Investment Management LLC Has $1.05 Million Position in Enbridge Inc $ENB

Key Points

• Quantitative Investment Management LLC has increased its position in Enbridge Inc by 118.2%, resulting in 23,704 shares valued at approximately $1.05 million.
• Enbridge plans to pay a quarterly dividend of $0.6839 per share, representing a 5.7% yield, which is an increase from the previous dividend of $0.68.
• Analysts have set a consensus rating of "Moderate Buy" for Enbridge, with an average target price of $60.50 per share.

Quantitative Investment Management LLC boosted its position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 118.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,704 shares of the pipeline company's stock after acquiring an additional 12,839 shares during the period. Quantitative Investment Management LLC's holdings in Enbridge were worth $1,050,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ENB. Goldman Sachs Group Inc. lifted its position in shares of Enbridge by 137.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 32,907,433 shares of the pipeline company's stock worth $1,458,128,000 after acquiring an additional 19,074,827 shares during the period. Blackstone Inc. increased its stake in Enbridge by 650.7% in the fourth quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company's stock valued at $242,619,000 after acquiring an additional 4,956,379 shares during the period. Nuveen LLC bought a new stake in Enbridge in the first quarter valued at about $208,490,000. Deutsche Bank AG increased its stake in Enbridge by 13.9% in 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 acquiring an additional 4,426,684 shares during the period. Finally, Maple Brown Abbott Ltd acquired a new position in Enbridge in the first quarter valued at about $77,976,000. Institutional investors own 54.60% of the company's stock.

Enbridge Stock Up 0.0%

Shares of NYSE:ENB opened at $47.9450 on Monday. Enbridge Inc has a 52 week low of $39.25 and a 52 week high of $48.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.65 and a current ratio of 0.75. The company has a market capitalization of $104.55 billion, a PE ratio of 23.62, a PEG ratio of 4.39 and a beta of 0.79. The company has a 50 day moving average price of $45.69 and a two-hundred day moving average price of $44.87.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, August 1st. The pipeline company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $10.56 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Friday, August 15th will be given a dividend of $0.6839 per share. This is a positive change from Enbridge's previous quarterly dividend of $0.68. This represents a $2.74 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 15th. Enbridge's payout ratio is currently 134.98%.

Analysts Set New Price Targets

ENB has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research report on Monday, May 12th. Argus upped their target price on shares of Enbridge from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Finally, National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.50.

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.

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