Enbridge Inc. (NYSE:ENB) Short Interest Update

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

Institutional Trading of Enbridge

A number of institutional investors have recently made changes to their positions in the business. Swiss National Bank grew its stake in shares of Enbridge by 3.2% during the third quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company's stock worth $267,935,000 after acquiring an additional 207,200 shares during the last quarter. Metis Global Partners LLC boosted its stake in 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 position in Enbridge by 70.7% during 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 purchasing an additional 536,818 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake 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 purchasing an additional 319,907 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Enbridge by 8.6% in the fourth quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock worth $26,808,000 after buying an additional 49,800 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Analyst Ratings Changes

ENB has been the subject of several recent research reports. TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Wells Fargo & Company raised shares of Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their target price on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $67.00.

Enbridge Stock Down 0.1 %

Enbridge stock traded down $0.05 during trading hours on Monday, reaching $42.68. The stock had a trading volume of 4,910,516 shares, compared to its average volume of 4,420,203. The company has a market cap of $93.00 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 3.92 and a beta of 0.94. The business's 50 day moving average price is $43.44 and its 200-day moving average price is $42.04. Enbridge has a 52 week low of $32.85 and a 52 week high of $45.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54.

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

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.28%. Enbridge's dividend payout ratio is presently 155.81%.

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.