Enbridge Inc. (NYSE:ENB) Stock Holdings Increased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,161,024 shares of the pipeline company's stock after purchasing an additional 936,863 shares during the period. Enbridge accounts for 3.2% of CIBC Asset Management Inc's portfolio, making the stock its 3rd largest holding. CIBC Asset Management Inc owned 1.11% of Enbridge worth $984,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENB. Pathway Financial Advisers LLC grew its holdings in shares of Enbridge by 4,120.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,571,669 shares of the pipeline company's stock valued at $185,655,000 after purchasing an additional 4,463,335 shares during the last quarter. M&G Plc purchased a new position in Enbridge during the 1st quarter worth $152,843,000. Cibc World Market Inc. increased its position in shares of Enbridge by 12.8% during the 2nd quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company's stock valued at $1,157,802,000 after purchasing an additional 3,693,495 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Enbridge by 66.9% during the first quarter. Canada Pension Plan Investment Board now owns 9,044,864 shares of the pipeline company's stock valued at $327,172,000 after purchasing an additional 3,624,089 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Enbridge by 11.3% during the 1st quarter. National Bank of Canada FI now owns 21,664,748 shares of the pipeline company's stock worth $818,370,000 after purchasing an additional 2,203,123 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Down 2.2 %

ENB stock traded down $0.96 during trading on Friday, hitting $42.13. 2,565,789 shares of the company's stock traded hands, compared to its average volume of 4,865,796. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $91.75 billion, a P/E ratio of 19.47, a PEG ratio of 4.13 and a beta of 0.93. Enbridge Inc. has a 1 year low of $32.76 and a 1 year high of $43.31. The business has a fifty day simple moving average of $41.11 and a two-hundred day simple moving average of $38.39.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.15. The company had revenue of $10.91 billion during the quarter, compared to analysts' expectations of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same period last year, the business earned $0.46 EPS. Sell-side analysts anticipate that Enbridge Inc. will post 2.06 EPS for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a $0.676 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.42%. Enbridge's payout ratio is currently 122.22%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley began coverage on Enbridge in a research note on Friday, October 25th. They issued an "equal weight" rating on the stock. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 6th.

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.