AssuredPartners Investment Advisors LLC bought a new stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,508 shares of the pipeline company's stock, valued at approximately $658,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. apricus wealth LLC grew its position in Enbridge by 1.1% during the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after buying an additional 220 shares during the period. Cornerstone Wealth Management LLC boosted its stake in Enbridge by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after acquiring an additional 227 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in shares of Enbridge by 3.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock valued at $319,000 after acquiring an additional 230 shares during the period. Wintrust Investments LLC increased its stake in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its holdings in shares of Enbridge by 10.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock worth $106,000 after purchasing an additional 240 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.
Enbridge Price Performance
Shares of NYSE ENB opened at $44.23 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge Inc. has a fifty-two week low of $32.86 and a fifty-two week high of $45.78. The stock has a market cap of $96.37 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The stock has a fifty day moving average of $43.49 and a 200-day moving average of $42.53.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. Equities research analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages have weighed in on ENB. Royal Bank of Canada increased their price objective on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. TD Securities started coverage on Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Enbridge has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.
Check Out Our Latest Stock Analysis on ENB
About Enbridge
(
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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