Enbridge Inc. (NYSE:ENB) is Barrow Hanley Mewhinney & Strauss LLC's 4th Largest Position

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,031,638 shares of the pipeline company's stock after selling 2,963,889 shares during the period. Enbridge accounts for 2.6% of Barrow Hanley Mewhinney & Strauss LLC's portfolio, making the stock its 4th largest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.83% of Enbridge worth $765,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Enbridge by 9.4% in the third quarter. FMR LLC now owns 4,932,822 shares of the pipeline company's stock valued at $200,384,000 after purchasing an additional 425,706 shares during the period. BNP Paribas Financial Markets increased its position in Enbridge by 734.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,467 shares of the pipeline company's stock valued at $2,171,000 after acquiring an additional 47,063 shares during the period. CreativeOne Wealth LLC raised its stake in Enbridge by 36.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 7,996 shares of the pipeline company's stock valued at $325,000 after acquiring an additional 2,152 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Enbridge by 2.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 245,409 shares of the pipeline company's stock valued at $9,966,000 after acquiring an additional 4,929 shares in the last quarter. Finally, Icon Wealth Advisors LLC boosted its position in Enbridge by 5.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 13,650 shares of the pipeline company's stock worth $554,000 after acquiring an additional 650 shares during the period. Institutional investors and hedge funds own 54.60% of the company's stock.

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Enbridge Price Performance

Shares of NYSE:ENB traded up $0.29 during trading hours on Wednesday, hitting $44.86. 732,640 shares of the company's stock traded hands, compared to its average volume of 4,385,008. The company's fifty day simple moving average is $43.47 and its two-hundred day simple moving average is $42.56. The company has a market cap of $97.76 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge Inc. has a 52 week low of $32.86 and a 52 week high of $45.78.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping 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 firm had revenue of $11.59 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period last year, the firm posted $0.64 earnings per share. As a group, equities analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Securities started coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada raised their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently 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.