Enbridge Inc. (NYSE:ENB) Shares Sold by Motco

Motco reduced its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 95.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,714 shares of the pipeline company's stock after selling 79,561 shares during the period. Motco's holdings in Enbridge were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. McIlrath & Eck LLC raised its position in Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after acquiring an additional 295 shares during the period. Albion Financial Group UT purchased a new stake in shares of Enbridge during the fourth quarter worth $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Enbridge during the third quarter worth $37,000. Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock worth $41,000 after buying an additional 580 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Enbridge during the fourth quarter worth $42,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Down 0.1 %

Shares of ENB traded down $0.05 during mid-day trading 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 debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. Enbridge Inc. has a 52-week low of $32.85 and a 52-week high of $45.78. The business's fifty day moving average is $43.44 and its 200 day moving average is $42.04. The firm has a market cap of $93.00 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 3.92 and a beta of 0.94.

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

Enbridge Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th were given 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 6.28%. Enbridge's payout ratio is currently 155.81%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ENB. TD Securities began coverage on shares of Enbridge in a report on Wednesday, January 15th. They set 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 price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $67.00.

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.