Enbridge Inc. (NYSE:ENB) Short Interest Update

Enbridge Inc. (NYSE:ENB) (TSE:ENB) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 26,810,000 shares, a growth of 9.4% from the March 31st total of 24,510,000 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 5,910,000 shares, the days-to-cover ratio is currently 4.5 days.

Analysts Set New Price Targets

ENB has been the topic of several research reports. Jefferies Financial Group started coverage on shares of Enbridge in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. Stifel Nicolaus began coverage on Enbridge in a research note on Thursday, January 18th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.20.

Institutional Investors Weigh In On Enbridge

A number of institutional investors and hedge funds have recently made changes to their positions in ENB. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Enbridge by 98.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company’s stock valued at $54,578,000 after acquiring an additional 815,850 shares in the last quarter. Clarius Group LLC lifted its position in Enbridge by 25.2% during the fourth quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock valued at $289,000 after purchasing an additional 1,617 shares during the last quarter. S.E.E.D. Planning Group LLC grew its stake in Enbridge by 81.1% in the 4th quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock worth $8,272,000 after buying an additional 102,850 shares in the last quarter. Private Trust Co. NA raised its position in shares of Enbridge by 5.7% during the 4th quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock valued at $318,000 after buying an additional 473 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Enbridge by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock worth $2,704,715,000 after acquiring an additional 4,400,848 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Stock Up 0.2 %

Shares of NYSE ENB opened at $35.60 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The company has a market cap of $75.67 billion, a P/E ratio of 16.95, a P/E/G ratio of 3.36 and a beta of 0.83. Enbridge has a 52 week low of $31.03 and a 52 week high of $40.30. The business has a 50-day simple moving average of $35.26 and a two-hundred day simple moving average of $34.88.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. Research analysts anticipate that Enbridge will post 2.12 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a $0.677 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.71 annualized dividend and a dividend yield of 7.61%. This is a boost from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio is presently 129.05%.

Enbridge Company Profile

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.