Enbridge Inc. (NYSE:ENB) Position Increased by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 223,023 shares of the pipeline company's stock after acquiring an additional 6,603 shares during the period. American Century Companies Inc.'s holdings in Enbridge were worth $9,466,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC increased its position in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after purchasing an additional 295 shares during the last quarter. Albion Financial Group UT purchased a new stake in shares of Enbridge in the 4th quarter worth approximately $29,000. Wintrust Investments LLC lifted its position in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 238 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after buying an additional 580 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in Enbridge during the 4th quarter worth approximately $42,000. 54.60% of the stock is currently owned by institutional investors.

Remove Ads

Enbridge Trading Down 4.4 %

Shares of Enbridge stock traded down $2.00 during trading hours on Friday, reaching $43.34. 8,366,006 shares of the company's stock were exchanged, compared to its average volume of 4,030,344. Enbridge Inc. has a 52-week low of $32.85 and a 52-week high of $46.12. The company has a fifty day moving average of $43.49 and a 200-day moving average of $42.59. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $94.44 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its 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. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the business posted $0.64 EPS. Sell-side analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. TD Securities began coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Royal Bank of Canada increased their target price 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. Citigroup assumed coverage on shares of Enbridge in a research report on Friday. They set a "buy" rating on the stock. Finally, CIBC reaffirmed 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 issued a buy rating to the company. Based on data from MarketBeat, Enbridge presently has a consensus rating of "Moderate Buy" and an average price target of $67.00.

Enbridge Company Profile

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.