Enbridge Inc. (NYSE:ENB) Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP decreased its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,269,383 shares of the pipeline company's stock after selling 20,350 shares during the period. Enbridge comprises approximately 2.5% of Kayne Anderson Capital Advisors LP's portfolio, making the stock its 13th biggest holding. Kayne Anderson Capital Advisors LP owned about 0.11% of Enbridge worth $81,743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENB. Vanguard Group Inc. raised its stake in shares of Enbridge by 5.7% during the third quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company's stock valued at $2,704,715,000 after acquiring an additional 4,400,848 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Enbridge by 630.3% in the 3rd quarter. Wellington Management Group LLP now owns 32,531,108 shares of the pipeline company's stock worth $1,083,938,000 after buying an additional 28,076,386 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Enbridge by 2.2% during the third quarter. TD Asset Management Inc now owns 30,213,082 shares of the pipeline company's stock valued at $1,006,729,000 after buying an additional 664,057 shares during the period. Bank of Nova Scotia raised its holdings in shares of Enbridge by 5.1% during the third quarter. Bank of Nova Scotia now owns 28,085,040 shares of the pipeline company's stock valued at $931,516,000 after acquiring an additional 1,353,753 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Enbridge by 11.3% in the third quarter. CIBC Asset Management Inc now owns 20,717,604 shares of the pipeline company's stock worth $689,270,000 after acquiring an additional 2,101,021 shares during the period. 54.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ENB shares. Jefferies Financial Group started coverage on Enbridge in a research note on Tuesday, February 27th. They issued a "buy" rating for the company. Stifel Nicolaus began coverage on shares of Enbridge in a research note on Thursday, January 18th. They set a "hold" rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Enbridge has a consensus rating of "Hold" and an average target price of $55.20.

Enbridge Stock Up 0.4 %

Shares of NYSE ENB traded up $0.14 during midday trading on Thursday, hitting $37.37. The stock had a trading volume of 4,937,123 shares, compared to its average volume of 5,789,466. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $40.22. The company has a market cap of $79.45 billion, a P/E ratio of 17.79, a PEG ratio of 3.43 and a beta of 0.87. The business's 50 day moving average is $35.47 and its 200-day moving average is $35.03. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). The business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. As a group, analysts predict that Enbridge Inc. will post 2.12 EPS for the current year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a $0.677 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.71 annualized dividend and a yield of 7.25%. This is a boost from Enbridge's previous quarterly dividend of $0.66. Enbridge's dividend payout ratio (DPR) is currently 127.14%.

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.