Polar Asset Management Partners Inc. Decreases Stock Holdings in Enbridge Inc. (NYSE:ENB)

Polar Asset Management Partners Inc. lessened its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,545 shares of the pipeline company's stock after selling 9,455 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Enbridge were worth $2,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENB. apricus wealth LLC lifted its position in Enbridge by 1.1% in the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after acquiring an additional 220 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of 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 in the last quarter. Wintrust Investments LLC lifted its holdings in shares of Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Enbridge by 3.6% in the 4th 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 during the last quarter. Finally, KPP Advisory Services LLC boosted its position 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. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Down 0.1%

Shares of ENB opened at $44.90 on Friday. Enbridge Inc. has a twelve month low of $34.60 and a twelve month high of $47.08. The firm has a market capitalization of $97.87 billion, a P/E ratio of 26.10, 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. The stock's fifty day simple moving average is $44.49 and its 200 day simple moving average is $43.43.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results 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 net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. During the same quarter in the previous year, the business posted $0.92 EPS. On average, equities research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.679 per share. The ex-dividend date is Thursday, May 15th. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 6.05%. Enbridge's dividend payout ratio (DPR) is currently 139.69%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research report on Monday. Raymond James raised Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $67.00 price objective on shares of Enbridge in a research note on Monday, May 12th. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Five 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 presently has an average rating of "Hold" and a consensus 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.

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