UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $93.14 Million Stock Position in Enbridge Inc. (NYSE:ENB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 20.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,195,076 shares of the pipeline company's stock after selling 552,019 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of Enbridge worth $93,137,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings 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 valued at $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. GQG Partners LLC boosted its stake in Enbridge by 2.1% during the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock valued at $3,151,500,000 after purchasing an additional 1,495,742 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Enbridge by 2.8% during the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after purchasing an additional 1,040,799 shares during the period. Deutsche Bank AG raised its stake in shares of Enbridge by 13.9% in the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock worth $1,541,745,000 after buying an additional 4,426,684 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Enbridge in the fourth quarter valued at $909,415,000. Institutional investors and hedge funds own 54.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James raised Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They set a "buy" rating for the company. Finally, National Bankshares reaffirmed a "sector perform" rating 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $67.00.

Enbridge Stock Down 0.9%

Shares of NYSE ENB traded down $0.41 during mid-day trading on Wednesday, reaching $45.63. The company had a trading volume of 3,805,659 shares, compared to its average volume of 4,067,552. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The company has a market capitalization of $99.48 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 3.92 and a beta of 0.84. The stock has a fifty day moving average of $44.82 and a two-hundred day moving average of $43.66. Enbridge Inc. has a 12-month low of $34.60 and a 12-month high of $47.08.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The company had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $10.20 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, equities research analysts expect that Enbridge Inc. will post 2.14 EPS for the current 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 given a $0.679 dividend. 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 5.95%. The ex-dividend date is Thursday, May 15th. Enbridge's dividend payout ratio is presently 139.69%.

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.