Swiss National Bank Purchases 207,200 Shares of Enbridge Inc. (NYSE:ENB)

Swiss National Bank grew its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,585,231 shares of the pipeline company's stock after acquiring an additional 207,200 shares during the quarter. Swiss National Bank owned about 0.30% of Enbridge worth $267,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Enbridge by 19.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,991 shares of the pipeline company's stock valued at $253,000 after purchasing an additional 1,136 shares during the last quarter. Sei Investments Co. grew its holdings in Enbridge by 6.1% during the first quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company's stock worth $9,922,000 after buying an additional 15,650 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in Enbridge in the 1st quarter valued at $1,133,000. Orion Portfolio Solutions LLC lifted its stake in Enbridge by 8.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 45,578 shares of the pipeline company's stock valued at $1,649,000 after acquiring an additional 3,610 shares in the last quarter. Finally, Nicolet Advisory Services LLC bought a new stake in Enbridge in the 1st quarter worth about $229,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of ENB traded down $0.26 during midday trading on Friday, reaching $42.18. The stock had a trading volume of 5,556,438 shares, compared to its average volume of 3,860,985. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $91.86 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 4.10 and a beta of 0.93. The company's 50-day moving average is $41.15 and its 200 day moving average is $38.47. Enbridge Inc. has a 12-month low of $32.76 and a 12-month high of $43.31.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued 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. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The company had revenue of $10.91 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the company earned $0.46 EPS. On average, equities analysts predict that Enbridge Inc. will post 2.06 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a dividend of $0.676 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.70 annualized dividend and a yield of 6.41%. Enbridge's dividend payout ratio is currently 122.22%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Enbridge in a research report on Friday, October 25th. They issued an "equal weight" rating on the stock. Finally, Jefferies Financial Group downgraded shares of Enbridge from a "buy" rating to a "hold" rating in a research report on Monday, September 30th.

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.