Enbridge Inc (NYSE:ENB) (TSE:ENB) – Equities research analysts at National Bank Financial issued their Q4 2016 earnings per share (EPS) estimates for shares of Enbridge in a research report issued on Monday. National Bank Financial analyst P. Kenny forecasts that the brokerage will post earnings per share of $0.44 for the quarter.

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A number of other brokerages have also recently weighed in on ENB. Zacks Investment Research cut shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Citigroup Inc. reiterated a “neutral” rating on shares of Enbridge in a research note on Wednesday, January 18th. Scotiabank reiterated an “outperform” rating and set a $61.00 price target on shares of Enbridge in a research note on Sunday, November 6th. TD Securities reiterated a “buy” rating and set a $62.00 price target on shares of Enbridge in a research note on Sunday, November 6th. Finally, Macquarie reiterated a “buy” rating on shares of Enbridge in a research note on Thursday, December 1st. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $57.18.

Shares of Enbridge (NYSE:ENB) opened at 42.25 on Thursday. The stock’s 50 day moving average is $43.03 and its 200-day moving average is $42.63. Enbridge has a 1-year low of $29.63 and a 1-year high of $45.77. The stock has a market cap of $39.66 billion, a PE ratio of 28.11 and a beta of 0.62.

Several hedge funds have recently added to or reduced their stakes in ENB. ProVise Management Group LLC boosted its stake in Enbridge by 3.3% in the second quarter. ProVise Management Group LLC now owns 33,885 shares of the company’s stock valued at $1,435,000 after buying an additional 1,075 shares during the period. Quantbot Technologies LP boosted its stake in Enbridge by 1,186.2% in the second quarter. Quantbot Technologies LP now owns 48,542 shares of the company’s stock valued at $2,056,000 after buying an additional 44,768 shares during the period. CIBC Asset Management Inc boosted its stake in Enbridge by 1.7% in the second quarter. CIBC Asset Management Inc now owns 9,774,368 shares of the company’s stock valued at $411,549,000 after buying an additional 160,368 shares during the period. Swiss National Bank boosted its stake in Enbridge by 4.7% in the second quarter. Swiss National Bank now owns 5,187,000 shares of the company’s stock valued at $218,659,000 after buying an additional 231,200 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in Enbridge during the second quarter valued at approximately $158,310,000. Institutional investors own 71.79% of the company’s stock.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be paid a $0.4383 dividend. This represents a $1.75 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Monday, February 13th. This is a boost from Enbridge’s previous quarterly dividend of $0.40. Enbridge’s dividend payout ratio (DPR) is 119.33%.

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.

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