Oppenheimer & Co. Inc. raised its stake in shares of Enbridge Inc. (NYSE:ENB) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,996 shares of the company’s stock after buying an additional 145 shares during the period. Oppenheimer & Co. Inc.’s holdings in Enbridge were worth $339,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ENB. Blue Fin Capital Inc. raised its position in Enbridge by 0.9% in the second quarter. Blue Fin Capital Inc. now owns 33,190 shares of the company’s stock valued at $1,406,000 after buying an additional 300 shares during the period. NN Investment Partners Holdings N.V. raised its position in Enbridge by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 71,445 shares of the company’s stock valued at $3,027,000 after buying an additional 604 shares during the period. Tdam USA Inc. raised its position in Enbridge by 8.3% in the second quarter. Tdam USA Inc. now owns 8,242 shares of the company’s stock valued at $347,000 after buying an additional 630 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Enbridge by 8.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,186 shares of the company’s stock valued at $347,000 after buying an additional 637 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Enbridge by 2.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 35,526 shares of the company’s stock valued at $1,497,000 after buying an additional 826 shares during the period. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Inc. (NYSE:ENB) traded down 0.68% on Tuesday, reaching $43.66. 1,733,125 shares of the company traded hands. Enbridge Inc. has a 12 month low of $27.43 and a 12 month high of $45.77. The company has a 50-day moving average price of $41.86 and a 200-day moving average price of $40.70. The company has a market capitalization of $40.79 billion, a P/E ratio of 39.65 and a beta of 0.65.

Enbridge (NYSE:ENB) last released its quarterly earnings results on Friday, July 29th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Enbridge had a return on equity of 12.96% and a net margin of 4.29%. During the same quarter in the previous year, the company posted $0.60 EPS. Equities research analysts expect that Enbridge Inc. will post $1.77 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.73%. The ex-dividend date was Thursday, August 11th. Enbridge’s dividend payout ratio (DPR) is 166.33%.

Several equities analysts recently commented on the company. National Bank Financial raised Enbridge from a “sector perform” rating to an “outperform” rating in a report on Wednesday, September 7th. TD Securities restated a “buy” rating and issued a $59.00 price objective (up previously from $58.00) on shares of Enbridge in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Scotiabank restated an “outperform” rating and issued a $61.00 price objective on shares of Enbridge in a research note on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. downgraded shares of Enbridge from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $44.00 to $42.00 in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Enbridge presently has an average rating of “Buy” and an average price target of $56.50.

About Enbridge

Enbridge Inc (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States.

5 Day Chart for NYSE:ENB

Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc. (NYSE:ENB).

Receive News & Ratings for Enbridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.