Stock Traders Buy High Volume of Put Options on Enbridge (NYSE:ENB)

Enbridge Inc. (NYSE:ENBGet Free Report) (TSE:ENB) was the recipient of unusually large options trading on Wednesday. Investors bought 20,216 put options on the company. This represents an increase of 1,036% compared to the typical volume of 1,779 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Enbridge by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company’s stock valued at $3,049,268,000 after buying an additional 1,227,031 shares during the last quarter. TD Asset Management Inc lifted its stake in Enbridge by 0.9% in the first quarter. TD Asset Management Inc now owns 38,087,489 shares of the pipeline company’s stock valued at $1,377,708,000 after acquiring an additional 337,729 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Enbridge by 3.9% during the 1st quarter. 1832 Asset Management L.P. now owns 36,649,579 shares of the pipeline company’s stock worth $1,325,982,000 after purchasing an additional 1,360,439 shares during the last quarter. Canoe Financial LP raised its holdings in shares of Enbridge by 80,631.1% during the 4th quarter. Canoe Financial LP now owns 33,460,611 shares of the pipeline company’s stock valued at $1,205,251,000 after purchasing an additional 33,419,164 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Enbridge by 630.3% in the 3rd quarter. Wellington Management Group LLP now owns 32,531,108 shares of the pipeline company’s stock valued at $1,083,938,000 after purchasing an additional 28,076,386 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Trading Up 1.1 %

NYSE:ENB opened at $35.77 on Thursday. The stock’s 50-day moving average is $36.00 and its two-hundred day moving average is $35.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.59. The stock has a market cap of $76.32 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 3.32 and a beta of 0.92. Enbridge has a fifty-two week low of $31.03 and a fifty-two week high of $38.37.

Enbridge (NYSE:ENBGet Free Report) (TSE:ENB) last announced its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. The firm had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $9 billion. As a group, equities research analysts forecast that Enbridge will post 2.13 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Wednesday, May 15th were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 7.57%. This is a positive change from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 14th. Enbridge’s dividend payout ratio (DPR) is currently 136.04%.

About Enbridge

(Get Free Report)

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.

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