Partners Group Holding AG Has $15.33 Million Stake in Enbridge Inc. (NYSE:ENB)

Partners Group Holding AG cut its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 17.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 379,846 shares of the pipeline company's stock after selling 77,525 shares during the period. Partners Group Holding AG's holdings in Enbridge were worth $15,330,000 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 ENB. Swiss National Bank raised its stake in 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 period. Pinnacle Financial Partners Inc grew its position in Enbridge by 8.8% during the third quarter. Pinnacle Financial Partners Inc now owns 188,244 shares of the pipeline company's stock valued at $7,650,000 after acquiring an additional 15,207 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in shares of Enbridge by 66.5% in the third quarter. Stonegate Investment Group LLC now owns 33,833 shares of the pipeline company's stock worth $1,374,000 after buying an additional 13,515 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Enbridge by 4.0% in the third quarter. CIBC Asset Management Inc now owns 24,161,024 shares of the pipeline company's stock worth $984,205,000 after purchasing an additional 936,863 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Enbridge by 816.2% in the third quarter. Lindbrook Capital LLC now owns 21,714 shares of the pipeline company's stock worth $882,000 after purchasing an additional 19,344 shares in the last quarter. 54.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ENB. Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th. Finally, Morgan Stanley started coverage on Enbridge in a research note on Friday, October 25th. They issued an "equal weight" rating on the stock.

Enbridge Trading Down 0.6 %

NYSE:ENB traded down $0.24 during trading hours on Tuesday, hitting $42.71. The company had a trading volume of 4,324,267 shares, compared to its average volume of 4,864,441. The company has a market capitalization of $93.02 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 4.21 and a beta of 0.93. The stock has a 50-day moving average price of $41.43 and a 200 day moving average price of $38.73. Enbridge Inc. has a 52 week low of $32.85 and a 52 week high of $43.70. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.40 by $0.15. The firm had revenue of $10.91 billion for the quarter, compared to analysts' expectations of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same quarter last year, the company earned $0.46 EPS. On average, equities research analysts predict that Enbridge Inc. will post 2.06 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a yield of 6.33%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. Enbridge's dividend payout ratio (DPR) is presently 121.76%.

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.