Stock Traders Buy High Volume of Put Options on Enbridge (NYSE:ENB)

Enbridge Inc. (NYSE:ENBGet Free Report) (TSE:ENB) saw unusually large options trading activity on Wednesday. Stock traders bought 20,216 put options on the company. This is an increase of 1,036% compared to the average daily volume of 1,779 put options.

Enbridge Trading Up 0.2 %

ENB opened at $35.75 on Friday. Enbridge has a 1-year low of $31.03 and a 1-year high of $38.37. The firm has a 50-day moving average price of $35.85 and a two-hundred day moving average price of $35.45. The company has a current ratio of 0.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $76.00 billion, a PE ratio of 18.15, a PEG ratio of 3.38 and a beta of 0.86.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.677 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.71 annualized dividend and a dividend yield of 7.57%. Enbridge’s payout ratio is currently 136.04%.

Analyst Ratings Changes

Separately, Jefferies Financial Group began coverage on shares of Enbridge in a report on Tuesday, February 27th. They set a “buy” rating for the company. Two investment 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 data from MarketBeat.com, Enbridge presently has an average rating of “Hold” and an average price target of $55.20.

View Our Latest Research Report on Enbridge

Institutional Investors Weigh In On Enbridge

Several institutional investors have recently modified their holdings of ENB. Vanguard Group Inc. boosted its stake in Enbridge by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company’s stock worth $3,049,268,000 after acquiring an additional 1,227,031 shares during the last quarter. TD Asset Management Inc boosted its stake in Enbridge by 0.9% during the 1st quarter. TD Asset Management Inc now owns 38,087,489 shares of the pipeline company’s stock worth $1,377,708,000 after acquiring an additional 337,729 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in Enbridge by 3.9% during the 1st quarter. 1832 Asset Management L.P. now owns 36,649,579 shares of the pipeline company’s stock worth $1,325,982,000 after acquiring an additional 1,360,439 shares during the last quarter. Canoe Financial LP lifted its stake in Enbridge by 80,631.1% in the fourth quarter. Canoe Financial LP now owns 33,460,611 shares of the pipeline company’s stock valued at $1,205,251,000 after buying an additional 33,419,164 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Enbridge by 630.3% in the third quarter. Wellington Management Group LLP now owns 32,531,108 shares of the pipeline company’s stock valued at $1,083,938,000 after buying an additional 28,076,386 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Company Profile

(Get Free Report)

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.

Read More

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