Caprock Group LLC Purchases 7,462 Shares of Enbridge Inc. (NYSE:ENB)

Caprock Group LLC raised its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 22.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,298 shares of the pipeline company's stock after acquiring an additional 7,462 shares during the period. Caprock Group LLC's holdings in Enbridge were worth $1,752,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ENB. Swiss National Bank boosted its holdings in shares of Enbridge by 3.2% in the 3rd quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company's stock worth $267,935,000 after purchasing an additional 207,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Enbridge by 70.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock worth $52,648,000 after buying an additional 536,818 shares in the last quarter. Duff & Phelps Investment Management Co. grew its position in Enbridge by 32.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock valued at $52,880,000 after acquiring an additional 319,907 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Enbridge by 8.6% during the fourth quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock worth $26,808,000 after acquiring an additional 49,800 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its holdings in shares of Enbridge by 8.8% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 188,244 shares of the pipeline company's stock worth $7,650,000 after acquiring an additional 15,207 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

Enbridge Trading Up 0.5 %

Shares of Enbridge stock traded up $0.24 during midday trading on Wednesday, reaching $43.96. 3,916,801 shares of the company's stock traded hands, compared to its average volume of 3,996,641. The company has a market cap of $95.76 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 4.02 and a beta of 0.94. The stock has a 50 day moving average of $43.13 and a 200-day moving average of $41.32. Enbridge Inc. has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be paid a $0.67 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.68 annualized dividend and a yield of 6.10%. Enbridge's payout ratio is 121.76%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ENB. TD Securities initiated coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley assumed coverage on Enbridge in a research report on Friday, October 25th. They issued an "equal weight" rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.