Broyhill Asset Management Buys Shares of 11,001 Enbridge Inc. (NYSE:ENB)

Broyhill Asset Management acquired a new stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,001 shares of the pipeline company's stock, valued at approximately $467,000.

A number of other institutional investors have also recently made changes to their positions in the company. McIlrath & Eck LLC raised its position in shares of Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after buying an additional 295 shares in the last quarter. Albion Financial Group UT purchased a new stake in Enbridge during the fourth quarter valued at approximately $29,000. Wintrust Investments LLC lifted its stake in shares of Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock worth $41,000 after purchasing an additional 580 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in shares of Enbridge during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Up 0.4 %

Shares of ENB traded up $0.17 during mid-day trading on Tuesday, hitting $44.19. The company's stock had a trading volume of 3,214,312 shares, compared to its average volume of 4,435,521. The firm has a market capitalization of $96.30 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.92 and a beta of 0.80. The company's 50-day moving average is $43.14 and its 200-day moving average is $42.69. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 52-week low of $32.86 and a 52-week high of $46.12.

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Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, equities research analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ENB shares. Citigroup began coverage on shares of Enbridge in a research note on Friday, April 4th. They set a "buy" rating for the company. TD Securities initiated coverage on Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Royal Bank of Canada raised their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $67.00.

About Enbridge

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.