Enbridge Inc (ENB) Holdings Raised by BB&T Corp

BB&T Corp grew its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 528,652 shares of the pipeline company’s stock after acquiring an additional 4,416 shares during the period. BB&T Corp’s holdings in Enbridge were worth $16,431,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ENB. Capital International Investors raised its position in shares of Enbridge by 74.4% in the third quarter. Capital International Investors now owns 101,014,233 shares of the pipeline company’s stock worth $3,260,806,000 after acquiring an additional 43,094,629 shares during the period. FIL Ltd increased its stake in shares of Enbridge by 21.5% during the third quarter. FIL Ltd now owns 18,581,538 shares of the pipeline company’s stock worth $599,604,000 after purchasing an additional 3,285,628 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Enbridge by 271.9% during the third quarter. JPMorgan Chase & Co. now owns 2,457,415 shares of the pipeline company’s stock worth $79,350,000 after purchasing an additional 1,796,637 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Enbridge during the third quarter worth about $45,402,000. Finally, Vanguard Group Inc increased its stake in shares of Enbridge by 2.5% during the third quarter. Vanguard Group Inc now owns 48,626,327 shares of the pipeline company’s stock worth $1,570,144,000 after purchasing an additional 1,184,467 shares in the last quarter. Institutional investors and hedge funds own 49.65% of the company’s stock.

Shares of NYSE ENB opened at $35.91 on Thursday. Enbridge Inc has a 12-month low of $28.82 and a 12-month high of $37.69. The stock has a market cap of $72.13 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.20 and a beta of 0.69. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.59 and a quick ratio of 0.49.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 6.18%. This is a positive change from Enbridge’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, February 14th. Enbridge’s payout ratio is presently 131.82%.

In other news, insider Albert Monaco bought 7,569 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average cost of $43.82 per share, for a total transaction of $331,673.58. Following the acquisition, the insider now directly owns 67,329 shares of the company’s stock, valued at approximately $2,950,356.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Byron C. Neiles sold 64,000 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $43.10, for a total transaction of $2,758,400.00. Following the completion of the transaction, the insider now owns 128,665 shares in the company, valued at $5,545,461.50. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

ENB has been the subject of a number of research reports. Wells Fargo & Co raised shares of Enbridge from a “market perform” rating to an “outperform” rating in a research note on Monday, November 5th. Zacks Investment Research cut shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Wolfe Research raised shares of Enbridge from a “market perform” rating to an “outperform” rating in a research note on Monday, January 7th. CIBC reissued a “buy” rating and set a $57.00 target price on shares of Enbridge in a research note on Tuesday, January 15th. Finally, Macquarie started coverage on shares of Enbridge in a research note on Thursday, January 24th. They set an “outperform” rating for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.80.

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About Enbridge

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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