Fiera Capital Corp Trims Stock Holdings in Enbridge Inc. (NYSE:ENB)

Fiera Capital Corp trimmed its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 46.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,736 shares of the pipeline company's stock after selling 51,724 shares during the period. Fiera Capital Corp's holdings in Enbridge were worth $2,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENB. Sei Investments Co. boosted its holdings in Enbridge by 6.1% in the first quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company's stock worth $9,922,000 after acquiring an additional 15,650 shares in the last quarter. Stonegate Investment Group LLC boosted its holdings in 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 acquiring an additional 13,515 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Enbridge in the first quarter worth $1,133,000. International Assets Investment Management LLC boosted its holdings in Enbridge by 734.1% in the third quarter. International Assets Investment Management LLC now owns 891,403 shares of the pipeline company's stock worth $36,200,000 after acquiring an additional 784,535 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in Enbridge by 29.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 167,701 shares of the pipeline company's stock worth $6,810,000 after acquiring an additional 38,231 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Performance

Shares of NYSE:ENB traded down $0.09 during midday trading on Friday, reaching $42.33. 4,583,020 shares of the company's stock traded hands, compared to its average volume of 3,357,806. The company has a market cap of $92.18 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 4.04 and a beta of 0.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.68 and a current ratio of 0.62. Enbridge Inc. has a one year low of $32.76 and a one year high of $42.61. The stock has a 50 day moving average of $40.92 and a 200 day moving average of $38.21.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.15. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. The firm had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the company posted $0.46 earnings per share. As a group, equities research analysts anticipate that Enbridge Inc. will post 2.06 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be issued a $0.676 dividend. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.70 dividend on an annualized basis and a yield of 6.39%. Enbridge's dividend payout ratio is currently 122.22%.

Analyst Upgrades and Downgrades

Several research firms have commented on ENB. Morgan Stanley began coverage on Enbridge in a report on Friday, October 25th. They issued an "equal weight" rating on the stock. Jefferies Financial Group downgraded Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th. Finally, Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday.

Enbridge 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.