Enbridge Inc (ENB) is OMERS ADMINISTRATION Corp’s Largest Position

OMERS ADMINISTRATION Corp increased its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 64.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,815,420 shares of the pipeline company’s stock after buying an additional 3,458,480 shares during the period. Enbridge comprises 4.9% of OMERS ADMINISTRATION Corp’s holdings, making the stock its largest position. OMERS ADMINISTRATION Corp’s holdings in Enbridge were worth $368,243,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Enbridge by 72.4% in the first quarter. Bank of Montreal Can now owns 38,965,561 shares of the pipeline company’s stock valued at $1,630,318,000 after buying an additional 16,369,985 shares during the period. TD Asset Management Inc. boosted its stake in Enbridge by 28.2% in the first quarter. TD Asset Management Inc. now owns 41,491,668 shares of the pipeline company’s stock valued at $1,733,219,000 after buying an additional 9,123,400 shares during the period. Norges Bank bought a new stake in Enbridge during the fourth quarter valued at about $340,124,000. I.G. Investment Management LTD. boosted its stake in Enbridge by 54.4% in the fourth quarter. I.G. Investment Management LTD. now owns 16,043,904 shares of the pipeline company’s stock valued at $674,666,000 after buying an additional 5,653,105 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Enbridge by 67.8% in the first quarter. Great West Life Assurance Co. Can now owns 10,946,002 shares of the pipeline company’s stock valued at $458,154,000 after buying an additional 4,421,402 shares during the period. 62.93% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

Enbridge Inc (NYSE ENB) opened at 38.65 on Tuesday. Enbridge Inc has a 1-year low of $37.37 and a 1-year high of $45.77. The company’s 50 day moving average is $39.55 and its 200 day moving average is $41.52. The company has a market cap of $63.34 billion, a price-to-earnings ratio of 42.80 and a beta of 0.61.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were issued a $0.4435 dividend. This represents a $1.77 dividend on an annualized basis and a dividend yield of 4.59%. This is a boost from Enbridge’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, May 11th. Enbridge’s payout ratio is presently 208.14%.

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Several equities research analysts have issued reports on ENB shares. Zacks Investment Research cut shares of Enbridge from a “hold” rating to a “strong sell” rating in a research report on Monday, April 24th. Morgan Stanley started coverage on shares of Enbridge in a research report on Tuesday, May 2nd. They issued an “equal weight” rating and a $45.00 price objective for the company. Wolfe Research started coverage on shares of Enbridge in a research report on Friday, May 12th. They issued a “market perform” rating and a $43.00 price objective for the company. Credit Suisse Group started coverage on shares of Enbridge in a research report on Tuesday, March 14th. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Enbridge in a research report on Friday, March 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $55.22.

About Enbridge

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ENB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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