Ontario Teachers Pension Plan Board Has $2.28 Million Holdings in Enbridge Inc. (NYSE:ENB)

Ontario Teachers Pension Plan Board raised its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 37.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 56,165 shares of the pipeline company's stock after acquiring an additional 15,192 shares during the period. Ontario Teachers Pension Plan Board's holdings in Enbridge were worth $2,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. raised its position in Enbridge by 9.7% in the third quarter. First Horizon Advisors Inc. now owns 5,773 shares of the pipeline company's stock worth $234,000 after acquiring an additional 511 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Enbridge by 8.7% in the third quarter. Advisors Asset Management Inc. now owns 123,757 shares of the pipeline company's stock valued at $5,026,000 after acquiring an additional 9,896 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Enbridge by 27.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,278,739 shares of the pipeline company's stock valued at $498,734,000 after acquiring an additional 2,668,692 shares during the last quarter. PCJ Investment Counsel Ltd. increased its position in Enbridge by 3.9% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 80,668 shares of the pipeline company's stock worth $3,277,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Commerce Bank raised its stake in Enbridge by 1.4% in the 3rd quarter. Commerce Bank now owns 185,642 shares of the pipeline company's stock valued at $7,539,000 after purchasing an additional 2,584 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ENB shares. Jefferies Financial Group cut shares of Enbridge from a "buy" rating to a "hold" rating in a research note on Monday, September 30th. Wells Fargo & Company upgraded shares of Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Finally, Morgan Stanley assumed coverage on shares of Enbridge in a research note on Friday, October 25th. They set an "equal weight" rating on the stock.

Enbridge Stock Performance

Shares of Enbridge stock traded down $0.20 on Wednesday, reaching $42.79. 3,051,162 shares of the company were exchanged, compared to its average volume of 4,860,742. The firm has a market cap of $93.19 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 4.10 and a beta of 0.93. The company's 50-day moving average is $41.23 and its two-hundred day moving average is $38.56. Enbridge Inc. has a 1-year low of $32.85 and a 1-year high of $43.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62.

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

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.676 per share. This represents a $2.70 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Friday, November 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's dividend payout ratio (DPR) is presently 121.76%.

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.