Dimensional Fund Advisors LP Buys 131,272 Shares of Enbridge Inc. (NYSE:ENB)

Dimensional Fund Advisors LP increased its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 5.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,743,401 shares of the pipeline company's stock after acquiring an additional 131,272 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.13% of Enbridge worth $116,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after buying an additional 3,611,421 shares in the last quarter. GQG Partners LLC lifted its position in shares of Enbridge by 2.1% in the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock valued at $3,151,500,000 after acquiring an additional 1,495,742 shares in the last quarter. TD Asset Management Inc. boosted its stake in Enbridge by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock worth $1,643,935,000 after purchasing an additional 1,040,799 shares during the period. Norges Bank purchased a new position in Enbridge during the 4th quarter worth approximately $909,415,000. Finally, JPMorgan Chase & Co. raised its stake in Enbridge by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company's stock valued at $655,556,000 after purchasing an additional 176,733 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ENB shares. Royal Bank of Canada lifted their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. TD Securities initiated coverage on Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Citigroup started coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Stock Up 1.0 %

Shares of ENB stock traded up $0.44 on Monday, hitting $46.63. The company's stock had a trading volume of 2,552,881 shares, compared to its average volume of 4,252,635. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The stock has a market capitalization of $101.66 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.92 and a beta of 0.80. The firm's fifty day moving average price is $43.34 and its 200-day moving average price is $42.98. Enbridge Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $46.69.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. Research analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a dividend of $0.679 per share. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.72 annualized dividend and a yield of 5.82%. Enbridge's dividend payout ratio is presently 157.56%.

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.