Enbridge Inc. (NYSE:ENB) Shares Bought by Versor Investments LP

Versor Investments LP increased its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 96.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,102 shares of the pipeline company's stock after purchasing an additional 8,902 shares during the period. Versor Investments LP's holdings in Enbridge were worth $768,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ENB. First Trust Direct Indexing L.P. grew its position in Enbridge by 2.4% during the third quarter. First Trust Direct Indexing L.P. now owns 20,702 shares of the pipeline company's stock worth $841,000 after buying an additional 478 shares during the period. Pinnacle Associates Ltd. grew its position in Enbridge by 7.4% during the third quarter. Pinnacle Associates Ltd. now owns 91,532 shares of the pipeline company's stock worth $3,717,000 after buying an additional 6,293 shares during the period. Financial Advocates Investment Management grew its position in Enbridge by 1.1% during the third quarter. Financial Advocates Investment Management now owns 30,900 shares of the pipeline company's stock worth $1,255,000 after buying an additional 340 shares during the period. Cigna Investments Inc. New grew its position in Enbridge by 2.5% during the third quarter. Cigna Investments Inc. New now owns 40,632 shares of the pipeline company's stock worth $1,652,000 after buying an additional 1,003 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in Enbridge by 51.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,603 shares of the pipeline company's stock worth $65,000 after buying an additional 542 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Trading Down 0.1 %

NYSE:ENB traded down $0.05 during trading hours on Monday, reaching $42.68. 4,910,516 shares of the company were exchanged, compared to its average volume of 4,420,203. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The firm has a market cap of $93.00 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 3.92 and a beta of 0.94. Enbridge Inc. has a 52-week low of $32.85 and a 52-week high of $45.78. The stock has a 50 day simple moving average of $43.44 and a 200 day simple moving average of $42.04.

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

Enbridge Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. TD Securities assumed coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Wells Fargo & Company upgraded shares of Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Enbridge presently has an average rating of "Hold" and an average target price of $67.00.

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.