Enbridge Inc. (NYSE:ENB) Stock Holdings Increased by Assetmark Inc.

Assetmark Inc. raised its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 271.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,701 shares of the pipeline company's stock after buying an additional 148,159 shares during the period. Assetmark Inc.'s holdings in Enbridge were worth $8,601,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ENB. Swiss National Bank boosted its holdings in Enbridge by 3.2% in the third quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company's stock valued at $267,935,000 after purchasing an additional 207,200 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Enbridge by 4.0% during the 4th quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock valued at $8,782,000 after buying an additional 7,986 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Enbridge by 70.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock valued at $52,648,000 after buying an additional 536,818 shares during the last quarter. Duff & Phelps Investment Management Co. grew its position in shares of Enbridge by 32.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock worth $52,880,000 after buying an additional 319,907 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Enbridge by 8.6% in the fourth quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock valued at $26,808,000 after acquiring an additional 49,800 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Enbridge currently has an average rating of "Hold" and an average price target of $67.00.

Enbridge Stock Performance

Shares of NYSE:ENB traded up $0.40 on Friday, reaching $42.00. 3,144,296 shares of the company's stock were exchanged, compared to its average volume of 4,411,846. The business's 50-day moving average is $43.45 and its two-hundred day moving average is $42.08. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $45.78. 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.

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

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.