Dimensional Fund Advisors LP Has $29.11 Million Holdings in Enbridge Inc (ENB)
Dimensional Fund Advisors LP boosted its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 3.2% during the 4th quarter, Holdings Channel reports. The fund owned 936,495 shares of the pipeline company’s stock after purchasing an additional 29,232 shares during the period. Dimensional Fund Advisors LP’s holdings in Enbridge were worth $29,106,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of ENB. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of Enbridge by 6.3% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,767,200 shares of the pipeline company’s stock valued at $73,657,000 after buying an additional 105,000 shares during the last quarter. Stock Yards Bank & Trust Co. grew its stake in shares of Enbridge by 25.7% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 9,448 shares of the pipeline company’s stock valued at $294,000 after buying an additional 1,930 shares during the last quarter. Morgan Stanley grew its stake in shares of Enbridge by 11.0% during the third quarter. Morgan Stanley now owns 4,787,632 shares of the pipeline company’s stock valued at $154,592,000 after buying an additional 472,660 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Enbridge during the fourth quarter valued at approximately $3,328,000. Finally, Osher Van de Voorde Investment Management grew its stake in shares of Enbridge by 2.2% during the third quarter. Osher Van de Voorde Investment Management now owns 192,824 shares of the pipeline company’s stock valued at $6,226,000 after buying an additional 4,164 shares during the last quarter. 56.43% of the stock is currently owned by institutional investors.
Shares of NYSE ENB opened at $36.77 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.58 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $74.53 billion, a P/E ratio of 17.94, a PEG ratio of 2.38 and a beta of 0.70. Enbridge Inc has a 52-week low of $28.82 and a 52-week high of $37.69.
ENB has been the topic of a number of analyst reports. Bank of America reaffirmed a “buy” rating on shares of Enbridge in a research note on Tuesday, March 5th. UBS Group cut Enbridge from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. Scotia Howard Weill cut Enbridge from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 4th. Zacks Investment Research cut Enbridge from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Finally, National Bank Financial lowered Enbridge from an “outperform” rating to a “sector perform” rating and set a $35.75 price target for the company. in a report on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.46.
In other Enbridge news, insider William T. Yardley sold 14,900 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.98, for a total transaction of $551,002.00. Following the completion of the sale, the insider now owns 94,770 shares in the company, valued at $3,504,594.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Albert Monaco bought 7,806 shares of the stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of $49.33 per share, with a total value of $385,069.98. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.
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Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through 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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