1,751,880 Shares in Enbridge Inc $ENB Bought by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd bought a new stake in shares of Enbridge Inc (NYSE:ENBFree Report) (TSE:ENB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,751,880 shares of the pipeline company’s stock, valued at approximately $88,407,000. Enbridge comprises 2.0% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 21st largest holding. ANTIPODES PARTNERS Ltd owned about 0.08% of Enbridge as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Enbridge by 2.0% in the third quarter. Vanguard Group Inc. now owns 98,297,477 shares of the pipeline company’s stock worth $4,959,009,000 after buying an additional 1,892,491 shares during the period. Norges Bank purchased a new stake in shares of Enbridge in the 2nd quarter valued at approximately $1,113,368,000. Legal & General Group Plc boosted its stake in Enbridge by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 18,861,475 shares of the pipeline company’s stock worth $853,669,000 after purchasing an additional 207,243 shares during the period. Geode Capital Management LLC boosted its stake in Enbridge by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 17,785,430 shares of the pipeline company’s stock worth $818,620,000 after purchasing an additional 2,989,992 shares during the period. Finally, Scotia Capital Inc. grew its position in Enbridge by 0.3% during the 2nd quarter. Scotia Capital Inc. now owns 14,069,558 shares of the pipeline company’s stock worth $635,774,000 after purchasing an additional 37,589 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Key Headlines Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

Analyst Ratings Changes

A number of analysts have recently issued reports on ENB shares. Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a report on Tuesday. Scotiabank reissued an “outperform” rating on shares of Enbridge in a research note on Tuesday. Citigroup restated a “buy” rating on shares of Enbridge in a research report on Thursday. TD Securities downgraded Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings raised shares of Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enbridge has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

View Our Latest Stock Report on ENB

Enbridge Stock Down 0.2%

Shares of Enbridge stock opened at $51.50 on Friday. The firm has a market cap of $112.35 billion, a price-to-earnings ratio of 22.39 and a beta of 0.69. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.63 and a quick ratio of 0.68. Enbridge Inc has a 52-week low of $39.73 and a 52-week high of $54.19. The stock has a 50-day simple moving average of $48.39 and a 200-day simple moving average of $48.17.

Enbridge (NYSE:ENBGet Free Report) (TSE:ENB) last released its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $17.18 billion for the quarter, compared to the consensus estimate of $9.10 billion. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, equities research analysts expect that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Tuesday, February 17th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a boost from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio (DPR) is presently 120.87%.

About Enbridge

(Free Report)

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.

See Also

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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