Capital Advisors Inc. OK Buys Shares of 710,346 Enbridge Inc. (NYSE:ENB)

Capital Advisors Inc. OK purchased a new stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 710,346 shares of the pipeline company's stock, valued at approximately $30,140,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ENB. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Enbridge by 1,514.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,799,345 shares of the pipeline company's stock worth $194,938,000 after acquiring an additional 4,502,115 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Enbridge by 4,120.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 4,571,669 shares of the pipeline company's stock worth $185,655,000 after acquiring an additional 4,463,335 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Enbridge by 27.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,278,739 shares of the pipeline company's stock worth $498,734,000 after acquiring an additional 2,668,692 shares in the last quarter. National Bank of Canada FI lifted its stake in Enbridge by 12.8% in the 3rd quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company's stock worth $737,754,000 after acquiring an additional 2,061,758 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its stake in Enbridge by 55.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,143,265 shares of the pipeline company's stock worth $168,258,000 after acquiring an additional 1,472,789 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price objective (up from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. TD Securities initiated coverage on Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Morgan Stanley initiated coverage on Enbridge in a research note on Friday, October 25th. They set an "equal weight" rating for the company. Finally, Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $63.00.

Enbridge Stock Down 5.1 %

Shares of NYSE ENB traded down $2.33 during mid-day trading on Friday, reaching $43.13. 5,862,322 shares of the company traded hands, compared to its average volume of 4,078,409. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. The stock has a market cap of $93.95 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 4.08 and a beta of 0.94. The company's fifty day moving average is $43.33 and its two-hundred day moving average is $41.70. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $45.78.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 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 posted $0.64 EPS. On average, analysts expect that Enbridge Inc. will post 1.97 earnings per share for the current year.

Enbridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Friday, February 14th. Enbridge's dividend payout ratio is 121.76%.

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.