Amundi raised its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,639,604 shares of the pipeline company's stock after buying an additional 389,419 shares during the quarter. Amundi owned about 0.44% of Enbridge worth $424,335,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in ENB. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Enbridge by 1,514.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,799,345 shares of the pipeline company's stock worth $194,938,000 after buying an additional 4,502,115 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Enbridge in the 4th quarter valued at about $180,941,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Enbridge by 27.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,278,739 shares of the pipeline company's stock valued at $498,734,000 after acquiring an additional 2,668,692 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Enbridge by 12.8% in the 3rd quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company's stock valued at $737,754,000 after acquiring an additional 2,061,758 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its stake in shares of Enbridge by 55.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,143,265 shares of the pipeline company's stock valued at $168,258,000 after acquiring an additional 1,472,789 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. TD Securities assumed coverage on Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada upped their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Enbridge currently has a consensus rating of "Hold" and an average price target of $67.00.
Get Our Latest Research Report on Enbridge
Enbridge Trading Up 1.0 %
ENB opened at $42.00 on Friday. The business has a 50 day simple moving average of $43.45 and a two-hundred day simple moving average of $42.10. The firm has a market capitalization of $91.51 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.92 and a beta of 0.95. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. Enbridge Inc. has a one year low of $32.85 and a one year high of $45.78.
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 analysts' consensus estimates 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 return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the prior year, the company posted $0.64 EPS. Analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.
Enbridge Profile
(
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.
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