Enbridge Inc. (NYSE:ENB) Shares Acquired by Creative Planning

Creative Planning increased its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 241,572 shares of the pipeline company's stock after purchasing an additional 13,455 shares during the quarter. Creative Planning's holdings in Enbridge were worth $9,810,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. M&G Plc purchased a new position in shares of Enbridge during the 1st quarter worth approximately $152,843,000. Cibc World Market Inc. increased its position in Enbridge by 12.8% during the second quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company's stock worth $1,157,802,000 after buying an additional 3,693,495 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Enbridge by 66.9% in the first quarter. Canada Pension Plan Investment Board now owns 9,044,864 shares of the pipeline company's stock worth $327,172,000 after acquiring an additional 3,624,089 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Enbridge by 11.3% in the first quarter. National Bank of Canada FI now owns 21,664,748 shares of the pipeline company's stock valued at $818,370,000 after acquiring an additional 2,203,123 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Enbridge by 3.9% during the first quarter. 1832 Asset Management L.P. now owns 36,649,579 shares of the pipeline company's stock valued at $1,325,982,000 after acquiring an additional 1,360,439 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Trading Down 0.2 %

Shares of ENB opened at $41.46 on Wednesday. Enbridge Inc. has a fifty-two week low of $31.31 and a fifty-two week high of $42.16. The company has a market capitalization of $88.46 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 3.94 and a beta of 0.93. The stock has a fifty day moving average of $40.47 and a two-hundred day moving average of $37.63. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, August 2nd. The pipeline company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.13. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, analysts forecast that Enbridge Inc. will post 2.08 EPS for the current year.

Enbridge Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were given a dividend of $0.669 per share. This represents a $2.68 annualized dividend and a yield of 6.46%. The ex-dividend date was Thursday, August 15th. Enbridge's dividend payout ratio (DPR) is 134.01%.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered shares of Enbridge from a "buy" rating to a "hold" rating in a report on Monday, September 30th.

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.