Mn Services Vermogensbeheer B.V. Increases Stock Holdings in Enbridge Inc. (NYSE:ENB)

Mn Services Vermogensbeheer B.V. increased its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 379,400 shares of the pipeline company's stock after acquiring an additional 19,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Enbridge were worth $16,095,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. McIlrath & Eck LLC raised its stake in shares of Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after purchasing an additional 295 shares during the last quarter. Albion Financial Group UT purchased a new position in Enbridge in the 4th quarter worth about $29,000. Fortitude Family Office LLC bought a new position in Enbridge during the 3rd quarter valued at about $35,000. Darwin Wealth Management LLC purchased a new stake in shares of Enbridge during the 3rd quarter valued at about $37,000. Finally, Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Enbridge by 149.9% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock worth $41,000 after acquiring an additional 580 shares during the period. 54.60% of the stock is owned by institutional investors.

Enbridge Price Performance

NYSE:ENB traded down $0.05 during trading hours on Monday, hitting $42.68. 4,436,695 shares of the stock traded hands, compared to its average volume of 4,408,356. The company has a market cap of $93.00 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. Enbridge Inc. has a 1 year low of $32.85 and a 1 year high of $45.78. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average price of $43.42 and a 200 day moving average price of $42.01.

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

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, February 15th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend was Friday, February 14th. Enbridge's dividend payout ratio is presently 155.81%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ENB. TD Securities started coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada increased 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. Finally, Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Enbridge presently has an average rating of "Hold" and a consensus price target of $67.00.

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.