Keybank National Association OH decreased its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 16.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,271 shares of the pipeline company’s stock after selling 20,656 shares during the period. Keybank National Association OH’s holdings in Enbridge were worth $4,270,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ENB. First Personal Financial Services bought a new stake in Enbridge during the first quarter valued at $102,000. Financial Architects Inc increased its stake in Enbridge by 2,987.7% in the first quarter. Financial Architects Inc now owns 2,501 shares of the pipeline company’s stock valued at $105,000 after buying an additional 2,420 shares in the last quarter. Monroe Bank & Trust MI bought a new stake in Enbridge during the first quarter valued at $105,000. Kistler Tiffany Companies LLC bought a new stake in Enbridge during the first quarter valued at $109,000. Finally, NEXT Financial Group Inc increased its stake in Enbridge by 17.7% in the second quarter. NEXT Financial Group Inc now owns 2,731 shares of the pipeline company’s stock valued at $109,000 after buying an additional 411 shares in the last quarter. 61.61% of the stock is currently owned by institutional investors.

Shares of Enbridge Inc (NYSE ENB) opened at 39.50 on Thursday. The firm has a market capitalization of $65.01 billion, a PE ratio of 32.35 and a beta of 0.62. Enbridge Inc has a 52 week low of $37.37 and a 52 week high of $45.77. The firm’s 50-day moving average is $40.63 and its 200 day moving average is $40.73.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.05. The company had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $8.81 billion. Enbridge had a return on equity of 6.04% and a net margin of 5.28%. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, equities analysts forecast that Enbridge Inc will post $1.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.489 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.33. This represents a $1.96 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, August 11th. Enbridge’s dividend payout ratio is presently 190.29%.

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ENB has been the topic of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $44.00 target price (down previously from $45.00) on shares of Enbridge in a research report on Friday, July 14th. Wolfe Research initiated coverage on shares of Enbridge in a research report on Friday, May 12th. They set a “market perform” rating and a $43.00 target price on the stock. J P Morgan Chase & Co reissued a “neutral” rating on shares of Enbridge in a research report on Friday, June 23rd. Zacks Investment Research downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub raised shares of Enbridge from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Enbridge has an average rating of “Hold” and a consensus target price of $54.00.

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.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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