Catalyst Capital Advisors LLC boosted its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,709 shares of the pipeline company’s stock after acquiring an additional 7,653 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Enbridge were worth $6,051,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in Enbridge by 3.6% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 305,430 shares of the pipeline company’s stock valued at $12,033,000 after acquiring an additional 10,519 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Enbridge by 38.2% in the fourth quarter. DAVENPORT & Co LLC now owns 1,321,105 shares of the pipeline company’s stock valued at $51,668,000 after acquiring an additional 365,415 shares in the last quarter. Capital International Investors raised its holdings in Enbridge by 7.8% in the third quarter. Capital International Investors now owns 41,164,593 shares of the pipeline company’s stock valued at $1,721,048,000 after acquiring an additional 2,984,467 shares in the last quarter. Capital City Trust Co. FL raised its holdings in Enbridge by 19.9% in the fourth quarter. Capital City Trust Co. FL now owns 22,936 shares of the pipeline company’s stock valued at $959,000 after acquiring an additional 3,804 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in Enbridge by 0.6% in the third quarter. Global X MANAGEMENT CO LLC now owns 676,054 shares of the pipeline company’s stock valued at $28,286,000 after acquiring an additional 4,162 shares in the last quarter. 62.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Enbridge Inc (NYSE ENB) opened at $35.03 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 1.06. Enbridge Inc has a 1-year low of $33.26 and a 1-year high of $43.36. The firm has a market cap of $57,431.23, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.5278 per share. The ex-dividend date is Wednesday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 6.03%. This is a boost from Enbridge’s previous quarterly dividend of $0.47. Enbridge’s dividend payout ratio (DPR) is presently 120.76%.

ENB has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. GMP Securities cut shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Bank of America initiated coverage on shares of Enbridge in a report on Tuesday, January 9th. They set a “neutral” rating on the stock. Morgan Stanley cut their price objective on shares of Enbridge from $43.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Finally, Canaccord Genuity reissued a “buy” rating and set a $54.00 price objective on shares of Enbridge in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $51.25.

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Enbridge Company Profile

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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