Sigma Planning Corp trimmed its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 23.5% during the fourth quarter, Holdings Channel reports. The fund owned 15,335 shares of the pipeline company’s stock after selling 4,708 shares during the quarter. Sigma Planning Corp’s holdings in Enbridge were worth $600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spectrum Management Group Inc. bought a new stake in Enbridge during the 3rd quarter worth approximately $113,000. Fieldpoint Private Securities LLC bought a new stake in Enbridge during the 3rd quarter worth approximately $130,000. Valeo Financial Advisors LLC bought a new stake in Enbridge during the 3rd quarter worth approximately $146,000. Field & Main Bank bought a new stake in Enbridge during the 4th quarter worth approximately $149,000. Finally, NEXT Financial Group Inc grew its holdings in Enbridge by 53.6% during the 3rd quarter. NEXT Financial Group Inc now owns 4,196 shares of the pipeline company’s stock worth $174,000 after acquiring an additional 1,465 shares during the last quarter. 62.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Enbridge Inc (ENB) opened at $34.30 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.50. Enbridge Inc has a 12 month low of $33.26 and a 12 month high of $43.24. The company has a market cap of $57,927.32, a price-to-earnings ratio of 22.75, a PEG ratio of 3.18 and a beta of 0.56.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.5278 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.47. This represents a $2.11 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Wednesday, February 14th. Enbridge’s dividend payout ratio is currently 120.76%.

A number of research firms have weighed in on ENB. Morgan Stanley reduced their target price on shares of Enbridge from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. Canaccord Genuity reissued a “buy” rating and set a $54.00 target price on shares of Enbridge in a report on Thursday, November 30th. Zacks Investment Research raised shares of Enbridge from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Finally, Bank of America began coverage on shares of Enbridge in a report on Tuesday, January 9th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.25.

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Enbridge Profile

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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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