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

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

A number of other institutional investors have also recently bought and sold shares of the business. apricus wealth LLC lifted its holdings in shares of Enbridge by 1.1% during the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock worth $875,000 after acquiring an additional 220 shares during the period. Cornerstone Wealth Management LLC lifted its stake in Enbridge by 0.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock worth $1,252,000 after purchasing an additional 227 shares during the period. Wintrust Investments LLC boosted its holdings in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Enbridge by 3.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 6,994 shares of the pipeline company's stock valued at $297,000 after purchasing an additional 242 shares in the last quarter. Finally, KPP Advisory Services LLC grew its stake in shares of Enbridge by 4.2% in the 4th quarter. KPP Advisory Services LLC now owns 5,970 shares of the pipeline company's stock valued at $253,000 after purchasing an additional 242 shares during the period. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Trading Down 0.1%

Shares of NYSE:ENB traded down $0.04 during mid-day trading on Tuesday, reaching $46.02. The stock had a trading volume of 5,138,547 shares, compared to its average volume of 4,066,753. The firm has a 50 day simple moving average of $44.78 and a two-hundred day simple moving average of $43.64. Enbridge Inc. has a twelve month low of $34.60 and a twelve month high of $47.08. The firm has a market cap of $100.33 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.92 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

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 the consensus estimate of $0.68 by $0.04. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $7.27 billion for the quarter, compared to analysts' expectations of $10.20 billion. During the same quarter in the previous year, the business posted $0.92 EPS. On average, research analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is 139.69%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ENB. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research note on Monday, May 12th. Citigroup assumed coverage on shares of Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Finally, CIBC restated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $67.00.

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.