Enbridge Inc (NYSE:ENB) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 98.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,481 shares of the pipeline company's stock after purchasing an additional 5,706 shares during the quarter. Vontobel Holding Ltd.'s holdings in Enbridge were worth $508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENB. Norges Bank acquired a new stake in Enbridge during the 4th quarter worth $909,415,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Enbridge by 396.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock valued at $510,816,000 after acquiring an additional 9,621,425 shares during the last quarter. Blackstone Inc. boosted its position in shares of Enbridge by 650.7% during the 4th 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 last quarter. Deutsche Bank AG boosted its position in shares of Enbridge by 13.9% during the 4th 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 last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Enbridge by 4.1% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Stock Up 1.6%

Shares of ENB stock traded up $0.72 during trading hours on Thursday, reaching $44.51. 4,895,893 shares of the stock were exchanged, compared to its average volume of 3,957,612. The business's fifty day moving average is $45.58 and its two-hundred day moving average is $44.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. Enbridge Inc has a 12-month low of $35.34 and a 12-month high of $47.44. The firm has a market capitalization of $97.05 billion, a P/E ratio of 22.94, a P/E/G ratio of 4.16 and a beta of 0.79.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) 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 the consensus estimate of $10.20 billion. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, research analysts expect that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were issued a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.10%. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio is 140.21%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Enbridge in a research report on Friday, April 4th. They set a "buy" rating on the stock. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. National Bankshares restated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.