Brighton Jones LLC Acquires New Shares in Enbridge Inc. (NYSE:ENB)

Brighton Jones LLC bought a new position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,151 shares of the pipeline company's stock, valued at approximately $261,000.

Several other hedge funds have also recently bought and sold shares of ENB. Thrivent Financial for Lutherans lifted its holdings in shares of Enbridge by 4.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 37,837 shares of the pipeline company's stock valued at $1,346,000 after acquiring an additional 1,766 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Enbridge by 248.0% during the second quarter. Squarepoint Ops LLC now owns 53,573 shares of the pipeline company's stock worth $1,907,000 after purchasing an additional 89,773 shares in the last quarter. AXA S.A. boosted its position in shares of Enbridge by 5.9% in the second quarter. AXA S.A. now owns 93,650 shares of the pipeline company's stock worth $3,333,000 after buying an additional 5,226 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Enbridge in the second quarter valued at about $303,000. Finally, Lighthouse Investment Partners LLC raised its holdings in shares of Enbridge by 21.4% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 6,952 shares of the pipeline company's stock valued at $247,000 after buying an additional 1,226 shares during the period. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Down 2.7 %

Enbridge stock traded down $1.21 during midday trading on Friday, hitting $43.29. The stock had a trading volume of 5,752,996 shares, compared to its average volume of 3,947,171. 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 business has a fifty day moving average price of $43.11 and a 200 day moving average price of $41.10. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $45.78. The stock has a market cap of $94.31 billion, a P/E ratio of 20.04, a P/E/G ratio of 4.11 and a beta of 0.93.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.15. The business had revenue of $10.91 billion for 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 period in the prior year, the company posted $0.46 EPS. Research analysts predict that Enbridge Inc. will post 1.97 EPS for the current year.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.19%. Enbridge's dividend payout ratio (DPR) is 121.76%.

Analyst Upgrades and Downgrades

ENB has been the subject of several recent research reports. TD Securities started coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 target price (up from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Finally, Morgan Stanley began coverage on shares of Enbridge in a research note on Friday, October 25th. They issued an "equal weight" rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Enbridge has an average rating of "Hold" and an average target price of $63.00.

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.