Campbell & CO Investment Adviser LLC Buys 6,488 Shares of Enbridge Inc. (NYSE:ENB)

Campbell & CO Investment Adviser LLC lifted its holdings in Enbridge Inc. (NYSE:ENBFree Report) (TSE:ENB) by 70.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,706 shares of the pipeline company’s stock after buying an additional 6,488 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Enbridge were worth $521,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Enbridge by 6.9% during the first quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company’s stock worth $2,262,000 after buying an additional 3,178 shares during the period. BlackRock Inc. boosted its position in Enbridge by 47.5% during the 1st quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company’s stock worth $73,081,000 after acquiring an additional 510,865 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Enbridge by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company’s stock worth $75,955,000 after acquiring an additional 112,553 shares in the last quarter. Blair William & Co. IL lifted its position in Enbridge by 3.4% during the 1st quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company’s stock worth $6,897,000 after buying an additional 4,883 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Enbridge by 0.3% during the 1st quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company’s stock worth $14,600,000 after purchasing an additional 968 shares in the last quarter. 48.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ENB has been the subject of a number of recent analyst reports. Wells Fargo & Company cut Enbridge from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 25th. Barclays cut their price target on Enbridge from $54.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Wolfe Research downgraded shares of Enbridge from a “peer perform” rating to an “underperform” rating in a report on Tuesday, October 17th. Royal Bank of Canada cut their target price on shares of Enbridge from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Finally, Stifel Nicolaus started coverage on shares of Enbridge in a research note on Thursday, January 18th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.20.

Check Out Our Latest Report on ENB

Enbridge Trading Up 2.0 %

ENB stock opened at $34.90 on Tuesday. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $40.92. The company has a market capitalization of $74.18 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The company’s 50-day simple moving average is $35.75 and its 200 day simple moving average is $34.60. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.57 and a current ratio of 0.67.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.659 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.64. Enbridge’s dividend payout ratio is presently 123.81%.

Enbridge Profile

(Free Report)

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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