Dimensional Fund Advisors LP Has $177.12 Million Stake in Enbridge Inc $ENB

Dimensional Fund Advisors LP raised its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.5% during the first quarter, HoldingsChannel.com reports. The fund owned 3,271,508 shares of the pipeline company’s stock after buying an additional 200,567 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Enbridge were worth $177,122,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Triumph Capital Management bought a new position in shares of Enbridge in the 3rd quarter worth about $26,000. Turning Point Benefit Group Inc. bought a new stake in shares of Enbridge during the 3rd quarter valued at about $28,000. Inspire Investing LLC bought a new stake in shares of Enbridge during the 4th quarter valued at about $29,000. Garner Asset Management Corp acquired a new stake in Enbridge during the fourth quarter worth approximately $30,000. Finally, Imprint Wealth LLC acquired a new stake in Enbridge during the third quarter worth approximately $31,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on ENB shares. Royal Bank Of Canada boosted their price target on Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Scotiabank reiterated an “outperform” rating on shares of Enbridge in a research note on Tuesday. Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, TD Securities reissued a “hold” rating on shares of Enbridge in a research note on Thursday, July 16th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

Enbridge Stock Performance

Shares of ENB stock opened at $56.84 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.69. The firm has a fifty day simple moving average of $55.73 and a two-hundred day simple moving average of $53.24. Enbridge Inc has a 12 month low of $44.58 and a 12 month high of $58.45. The firm has a market capitalization of $124.13 billion, a PE ratio of 26.68 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $8.49 billion. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. During the same period last year, the firm earned $1.03 earnings per share. Analysts forecast that Enbridge Inc will post 2.13 EPS for the current fiscal year.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 6.8%. Enbridge’s dividend payout ratio is 133.80%.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.