SBI Securities Co. Ltd. Purchases New Stake in Enbridge Inc. (NYSE:ENB)

SBI Securities Co. Ltd. bought a new position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 33,107 shares of the pipeline company's stock, valued at approximately $1,405,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Swiss National Bank increased its holdings in Enbridge by 3.2% in the 3rd quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company's stock valued at $267,935,000 after purchasing an additional 207,200 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of Enbridge by 4.0% in the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after buying an additional 7,986 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Enbridge by 70.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock valued at $52,648,000 after buying an additional 536,818 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of Enbridge by 32.6% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock valued at $52,880,000 after buying an additional 319,907 shares during the period. Finally, Sound Income Strategies LLC lifted its position in Enbridge by 8.6% during the 4th quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock worth $26,808,000 after acquiring an additional 49,800 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Stock Down 0.1 %

NYSE ENB traded down $0.05 during mid-day trading on Monday, reaching $42.68. 4,910,516 shares of the company's stock traded hands, compared to its average volume of 4,420,203. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 1-year low of $32.85 and a 1-year high of $45.78. The company has a fifty day simple moving average of $43.42 and a 200-day simple moving average of $42.01. The company has a market cap of $93.00 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 3.92 and a beta of 0.94.

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, topping analysts' consensus estimates of $0.52 by $0.23. The business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter last year, the company earned $0.64 earnings per share. As a group, equities research analysts expect that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on ENB. TD Securities began coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada raised their price target on shares of 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 shares of Enbridge from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Enbridge presently has an average rating of "Hold" and an average target price of $67.00.

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.