Enbridge Inc (NYSE:ENB) (TSE:ENB) saw some unusual options trading on Friday. Investors purchased 2,135 put options on the stock. This is an increase of approximately 639% compared to the typical daily volume of 289 put options.

ENB has been the topic of several research analyst reports. BidaskClub cut Enbridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. GMP Securities cut Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Zacks Investment Research cut Enbridge from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Morgan Stanley cut their price objective on Enbridge from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $54.00 price objective on shares of Enbridge in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Enbridge currently has an average rating of “Hold” and a consensus price target of $52.00.

Enbridge (NYSE ENB) opened at $38.29 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.50. Enbridge has a 1 year low of $34.39 and a 1 year high of $44.51. The firm has a market capitalization of $63,318.22, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Enbridge had a return on equity of 5.62% and a net margin of 7.49%. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. equities analysts expect that Enbridge will post 1.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.5278 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $2.11 annualized dividend and a yield of 5.51%. This is a boost from Enbridge’s previous quarterly dividend of $0.47. Enbridge’s payout ratio is currently 119.50%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Enbridge by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,663 shares of the pipeline company’s stock valued at $265,000 after buying an additional 22 shares during the last quarter. Omnia Family Wealth LLC lifted its position in shares of Enbridge by 0.4% during the 2nd quarter. Omnia Family Wealth LLC now owns 7,405 shares of the pipeline company’s stock valued at $295,000 after buying an additional 28 shares during the last quarter. HM Payson & Co. lifted its position in shares of Enbridge by 0.8% during the 2nd quarter. HM Payson & Co. now owns 6,440 shares of the pipeline company’s stock valued at $256,000 after buying an additional 50 shares during the last quarter. Hudock Capital Group LLC lifted its position in shares of Enbridge by 1.0% during the 2nd quarter. Hudock Capital Group LLC now owns 6,269 shares of the pipeline company’s stock valued at $249,000 after buying an additional 61 shares during the last quarter. Finally, Loudon Investment Management LLC lifted its position in shares of Enbridge by 1.3% during the 2nd quarter. Loudon Investment Management LLC now owns 7,048 shares of the pipeline company’s stock valued at $281,000 after buying an additional 90 shares during the last quarter. 62.18% of the stock is currently owned by hedge funds and other institutional investors.

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About Enbridge

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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