Enbridge Inc (NYSE:ENB) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,970 shares of the pipeline company’s stock after acquiring an additional 23,697 shares during the period. Oppenheimer & Co. Inc.’s holdings in Enbridge were worth $9,260,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ENB. Dimensional Fund Advisors LP grew its position in Enbridge by 16.1% during the second quarter. Dimensional Fund Advisors LP now owns 910,407 shares of the pipeline company’s stock worth $32,470,000 after buying an additional 126,323 shares in the last quarter. Schroder Investment Management Group bought a new position in Enbridge in the 2nd quarter worth $527,000. Royal London Asset Management Ltd. purchased a new stake in Enbridge in the 2nd quarter worth $249,000. Sound Income Strategies LLC grew its position in shares of Enbridge by 44.2% during the third quarter. Sound Income Strategies LLC now owns 33,147 shares of the pipeline company’s stock valued at $1,070,000 after purchasing an additional 10,163 shares in the last quarter. Finally, Radnor Capital Management LLC grew its position in shares of Enbridge by 8.4% during the third quarter. Radnor Capital Management LLC now owns 60,779 shares of the pipeline company’s stock valued at $1,963,000 after purchasing an additional 4,701 shares in the last quarter. 49.65% of the stock is owned by hedge funds and other institutional investors.

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

A number of brokerages recently commented on ENB. ValuEngine downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group cut shares of Enbridge from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. Zacks Investment Research lowered shares of Enbridge from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Evercore ISI began coverage on shares of Enbridge in a research note on Tuesday, February 5th. They set an “outperform” rating on the stock. Finally, Macquarie started coverage on shares of Enbridge in a research note on Thursday, January 24th. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.80.

ENB opened at $35.91 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.59. The firm has a market cap of $72.13 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.20 and a beta of 0.69. Enbridge Inc has a fifty-two week low of $28.82 and a fifty-two week high of $37.69.

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

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Enbridge Profile

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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