Stifel Financial Corp Has $127.48 Million Holdings in Enbridge Inc. (NYSE:ENB)

Stifel Financial Corp reduced its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,004,565 shares of the pipeline company's stock after selling 6,399 shares during the period. Stifel Financial Corp owned about 0.14% of Enbridge worth $127,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. McIlrath & Eck LLC boosted its position in Enbridge by 74.9% during 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 in the last quarter. Albion Financial Group UT acquired a new stake in shares of Enbridge in the fourth quarter worth approximately $29,000. Wintrust Investments LLC increased its holdings in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares during the last quarter. GeoWealth Management LLC grew its holdings in shares of Enbridge by 436.4% during the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after purchasing an additional 611 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. raised its stake in shares of Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 580 shares during the period. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ENB. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They set a "buy" rating for the company. TD Securities started coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada upped their target price on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $67.00.

Enbridge Stock Performance

Shares of Enbridge stock traded down $0.20 during trading on Friday, reaching $46.16. The company's stock had a trading volume of 3,620,610 shares, compared to its average volume of 4,145,671. Enbridge Inc. has a one year low of $34.60 and a one year high of $46.47. The firm has a market cap of $100.59 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The business's fifty day moving average price is $43.27 and its 200-day moving average price is $42.91. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.88%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, May 15th. Enbridge's dividend payout ratio is presently 155.81%.

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.