Stifel Financial Corp Sells 6,399 Shares of Enbridge Inc. (NYSE:ENB)

Stifel Financial Corp trimmed its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,004,565 shares of the pipeline company's stock after selling 6,399 shares during the period. Stifel Financial Corp owned approximately 0.14% of Enbridge worth $127,484,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Enbridge in the 4th quarter valued at $909,415,000. Arrowstreet Capital Limited Partnership grew its position in Enbridge by 396.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock worth $510,816,000 after purchasing an additional 9,621,425 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Enbridge during the 4th quarter worth approximately $180,941,000. Vanguard Group Inc. boosted 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 worth $3,888,507,000 after buying an additional 3,611,421 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Enbridge by 30.5% in the fourth quarter. Geode Capital Management LLC now owns 13,217,112 shares of the pipeline company's stock valued at $571,389,000 after acquiring an additional 3,091,442 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Performance

NYSE:ENB traded down $0.20 on Friday, reaching $46.16. 3,620,614 shares of the company's stock were exchanged, compared to its average volume of 4,259,973. The stock has a fifty day simple moving average of $43.34 and a 200-day simple moving average of $42.95. Enbridge Inc. has a 52 week low of $34.60 and a 52 week high of $46.47. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The firm has a market cap of $100.59 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 3.92 and a beta of 0.80.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the business earned $0.64 EPS. As a group, sell-side analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.88%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, May 15th. Enbridge's payout ratio is presently 155.81%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ENB. TD Securities began coverage on Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Royal Bank of Canada increased their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Citigroup started coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday. Finally, CIBC reaffirmed an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Enbridge currently has a consensus rating of "Moderate Buy" 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.