Canada Pension Plan Investment Board Has $289.04 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

Canada Pension Plan Investment Board boosted its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,818,919 shares of the pipeline company's stock after buying an additional 1,135,000 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.31% of Enbridge worth $289,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Enbridge in the fourth quarter valued at about $909,415,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Enbridge by 396.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock valued at $510,816,000 after buying an additional 9,621,425 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Enbridge in the 4th quarter worth about $180,941,000. Vanguard Group Inc. lifted its stake in shares of Enbridge by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after buying an additional 3,611,421 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Enbridge by 30.5% in the 4th quarter. Geode Capital Management LLC now owns 13,217,112 shares of the pipeline company's stock worth $571,389,000 after acquiring an additional 3,091,442 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup started coverage on Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. CIBC reissued an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Royal Bank of Canada boosted their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, TD Securities assumed coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Stock Performance

Shares of Enbridge stock traded up $0.75 during trading on Friday, hitting $45.32. 4,781,000 shares of the stock were exchanged, compared to its average volume of 4,391,070. The stock'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. The stock has a market cap of $98.76 billion, a PE ratio of 26.35, a P/E/G ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a 12 month low of $33.92 and a 12 month high of $46.12.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released 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. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the prior year, the business earned $0.64 earnings per share. As a group, sell-side analysts anticipate 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.