Vontobel Holding Ltd. Has $508,000 Holdings in Enbridge Inc (NYSE:ENB)

Vontobel Holding Ltd. increased its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 98.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,481 shares of the pipeline company's stock after purchasing an additional 5,706 shares during the period. Vontobel Holding Ltd.'s holdings in Enbridge were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Enbridge in the 4th quarter worth $909,415,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Enbridge by 396.7% in 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 purchasing an additional 9,621,425 shares in the last quarter. Blackstone Inc. raised its stake in shares of Enbridge by 650.7% in the 4th quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company's stock valued at $242,619,000 after purchasing an additional 4,956,379 shares in the last quarter. 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 valued at $1,541,745,000 after purchasing an additional 4,426,684 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Enbridge by 4.1% in 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 purchasing an additional 3,611,421 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Price Performance

ENB stock traded down $0.61 during trading on Monday, hitting $44.13. 3,691,550 shares of the stock traded hands, compared to its average volume of 3,952,253. Enbridge Inc has a one year low of $35.10 and a one year high of $47.44. The stock has a market cap of $96.22 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 4.22 and a beta of 0.79. The company has a 50 day simple moving average of $45.73 and a 200 day simple moving average of $44.27. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same period in the previous year, the firm posted $0.92 earnings per share. Equities analysts expect 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 was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were paid a $0.679 dividend. This represents a $2.72 annualized dividend and a yield of 6.15%. The ex-dividend date was Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio is presently 140.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ENB shares. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup started coverage on shares of Enbridge in a research note on Friday, April 4th. They set a "buy" rating on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $67.00 price objective on shares of Enbridge in a research note on Monday, May 12th. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Finally, Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Enbridge currently has a consensus rating of "Hold" and an average 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.