Barclays PLC Purchases 44,675 Shares of Enbridge Inc. (NYSE:ENB)

Barclays PLC raised its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 584,020 shares of the pipeline company's stock after acquiring an additional 44,675 shares during the quarter. Barclays PLC's holdings in Enbridge were worth $23,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. grew its stake in Enbridge by 28.4% during the third quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company's stock valued at $45,000 after acquiring an additional 246 shares in the last quarter. Associated Banc Corp boosted its holdings in Enbridge by 3.6% in the 3rd quarter. Associated Banc Corp now owns 7,091 shares of the pipeline company's stock valued at $288,000 after purchasing an additional 248 shares during the period. Centaurus Financial Inc. grew its position in shares of Enbridge by 1.7% during the 3rd quarter. Centaurus Financial Inc. now owns 14,980 shares of the pipeline company's stock valued at $608,000 after purchasing an additional 256 shares in the last quarter. First PREMIER Bank increased its holdings in shares of Enbridge by 1.7% in the third quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company's stock worth $631,000 after purchasing an additional 257 shares during the period. Finally, Keudell Morrison Wealth Management raised its position in shares of Enbridge by 1.4% in the third quarter. Keudell Morrison Wealth Management now owns 20,242 shares of the pipeline company's stock worth $822,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Price Performance

Shares of ENB traded down $0.14 during midday trading on Friday, reaching $41.91. The stock had a trading volume of 2,346,253 shares, compared to its average volume of 4,870,875. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $91.28 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94. The company's 50-day moving average is $42.02 and its 200 day moving average is $39.34. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $44.13.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.15. The business had revenue of $10.91 billion during the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same quarter in the prior year, the firm earned $0.46 earnings per share. On average, equities analysts predict that Enbridge Inc. will post 2.03 EPS for the current fiscal year.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date is Friday, February 14th. Enbridge's payout ratio is presently 124.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $63.00 target price (up from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. Morgan Stanley initiated coverage on shares of Enbridge in a research report on Friday, October 25th. They issued an "equal weight" rating on the stock. Wells Fargo & Company upgraded shares of Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group cut shares of Enbridge from a "buy" rating to a "hold" rating in a research note on Monday, September 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $63.00.

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.