Barclays PLC Buys 594,633 Shares of Enbridge Inc. (NYSE:ENB)

Barclays PLC increased its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 101.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,178,653 shares of the pipeline company's stock after purchasing an additional 594,633 shares during the quarter. Barclays PLC owned about 0.05% of Enbridge worth $50,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENB. apricus wealth LLC boosted its stake in shares of Enbridge by 1.1% in the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after purchasing an additional 220 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in Enbridge by 0.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock worth $1,252,000 after buying an additional 227 shares during the period. Armstrong Advisory Group Inc. lifted its position in Enbridge by 3.2% in 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 in the last quarter. Wintrust Investments LLC grew its holdings in shares of Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its stake in shares of Enbridge by 10.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock worth $106,000 after acquiring an additional 240 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on ENB shares. CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating on the stock. TD Securities started coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Royal Bank of Canada raised 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Enbridge currently has an average rating of "Moderate Buy" and an average target price of $67.00.

Enbridge Stock Performance

ENB traded up $0.75 on Friday, reaching $45.32. The company had a trading volume of 4,781,000 shares, compared to its average volume of 4,391,070. The stock has a market cap of $98.76 billion, a P/E ratio of 26.35, a P/E/G ratio of 3.92 and a beta of 0.80. The company's fifty day moving average is $43.15 and its 200 day moving average is $42.78. 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 $33.92 and a fifty-two week high of $46.12.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (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 analysts' expectations of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the previous year, the company posted $0.64 earnings per share. As a group, analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

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.