Two Sigma Advisers LP Takes $7.99 Million Position in Enbridge Inc. (NYSE:ENB)

Two Sigma Advisers LP purchased a new position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 188,298 shares of the pipeline company's stock, valued at approximately $7,989,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC raised its stake in Enbridge by 8.3% during the third quarter. Barclays PLC now owns 584,020 shares of the pipeline company's stock worth $23,717,000 after purchasing an additional 44,675 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Enbridge by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company's stock valued at $655,556,000 after acquiring an additional 176,733 shares during the period. Ballentine Partners LLC raised its stake in shares of Enbridge by 5.8% in the 4th quarter. Ballentine Partners LLC now owns 10,939 shares of the pipeline company's stock valued at $464,000 after acquiring an additional 597 shares during the period. Janney Montgomery Scott LLC raised its position in Enbridge by 7.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 899,366 shares of the pipeline company's stock valued at $38,160,000 after purchasing an additional 65,145 shares during the period. Finally, Key Client Fiduciary Advisors LLC raised its holdings in shares of Enbridge by 41.5% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 13,634 shares of the pipeline company's stock valued at $578,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Price Performance

Shares of ENB stock traded up $0.19 on Thursday, reaching $45.76. The company's stock had a trading volume of 752,048 shares, compared to its average volume of 4,131,449. Enbridge Inc. has a 12-month low of $34.60 and a 12-month high of $47.08. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $99.75 billion, a P/E ratio of 26.60, a PEG ratio of 3.92 and a beta of 0.84. The stock's 50 day simple moving average is $44.85 and its 200-day simple moving average is $43.67.

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 analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $7.27 billion during the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, equities 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 will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be issued a $0.679 dividend. The ex-dividend date is Thursday, May 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.94%. Enbridge's dividend payout ratio (DPR) is 139.69%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. National Bankshares restated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $67.00 price objective on shares of Enbridge in a report on Monday, May 12th. CIBC reiterated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.