Enbridge Inc. (NYSE:ENB) Short Interest Up 82.3% in February

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 77,060,000 shares, a growth of 82.3% from the January 31st total of 42,280,000 shares. Currently, 3.5% of the company's shares are sold short. Based on an average trading volume of 4,290,000 shares, the days-to-cover ratio is presently 18.0 days.

Hedge Funds Weigh In On Enbridge

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank grew its holdings in Enbridge by 3.2% in the third 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 during the period. Metis Global Partners LLC boosted its position in shares of Enbridge by 4.0% in the 4th quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after purchasing an additional 7,986 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Enbridge by 70.7% in the 4th 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 during the last quarter. Duff & Phelps Investment Management Co. increased its position in Enbridge by 32.6% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock valued at $52,880,000 after buying an additional 319,907 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in Enbridge by 8.6% during the fourth quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock valued at $26,808,000 after buying an additional 49,800 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ENB shares. Royal Bank of Canada upped their price objective 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. Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Finally, TD Securities assumed coverage on Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $67.00.

Enbridge Trading Up 0.4 %

Shares of ENB traded up $0.18 during trading hours on Monday, reaching $42.91. 2,469,780 shares of the company traded hands, compared to its average volume of 4,357,532. Enbridge has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The company's fifty day moving average price is $43.42 and its two-hundred day moving average price is $42.01. The company has a market capitalization of $93.51 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the firm posted $0.64 EPS. Equities research analysts predict that Enbridge will post 2.14 earnings per share for the current fiscal year.

Enbridge Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th were issued a $0.67 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 6.25%. Enbridge's dividend payout ratio (DPR) is 155.81%.

About Enbridge

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.