Toronto Dominion Bank trimmed its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,654,167 shares of the pipeline company’s stock after selling 990,673 shares during the quarter. Enbridge comprises about 0.5% of Toronto Dominion Bank’s investment portfolio, making the stock its 21st largest holding. Toronto Dominion Bank owned approximately 0.50% of Enbridge worth $279,253,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Enbridge by 5.2% during the second quarter. Legal & General Group Plc now owns 11,156,728 shares of the pipeline company’s stock worth $398,416,000 after acquiring an additional 552,015 shares during the period. Massachusetts Financial Services Co. MA increased its position in Enbridge by 5.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,366,559 shares of the pipeline company’s stock worth $369,983,000 after acquiring an additional 503,975 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in Enbridge by 23.6% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,757,583 shares of the pipeline company’s stock worth $241,178,000 after acquiring an additional 1,291,797 shares during the period. Swiss National Bank increased its position in Enbridge by 2.3% during the second quarter. Swiss National Bank now owns 6,153,094 shares of the pipeline company’s stock worth $219,295,000 after acquiring an additional 137,500 shares during the period. Finally, AMP Capital Investors Ltd increased its position in Enbridge by 5.6% during the second quarter. AMP Capital Investors Ltd now owns 5,442,223 shares of the pipeline company’s stock worth $194,447,000 after acquiring an additional 286,619 shares during the period. 58.18% of the stock is currently owned by institutional investors and hedge funds.

ENB stock opened at $32.87 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.59. Enbridge Inc has a 12 month low of $29.00 and a 12 month high of $41.21. The stock has a market capitalization of $58.90 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.27 and a beta of 0.53.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, November 2nd. The pipeline company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Enbridge had a net margin of 3.95% and a return on equity of 8.81%. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period last year, the firm earned $0.39 EPS. Equities research analysts forecast that Enbridge Inc will post 2.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th will be paid a $0.51 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.21%. Enbridge’s payout ratio is currently 132.47%.

A number of equities analysts recently commented on ENB shares. ValuEngine lowered shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Bank of America raised shares of Enbridge from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $50.00 in a report on Friday, August 17th. Citigroup reissued a “neutral” rating on shares of Enbridge in a report on Monday, September 24th. UBS Group began coverage on shares of Enbridge in a report on Thursday, October 4th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised shares of Enbridge from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, October 8th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.17.

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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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