Charles Schwab Investment Management Inc. Grows Stock Holdings in Enbridge Inc. (NYSE:ENB)

Charles Schwab Investment Management Inc. increased its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,086,437 shares of the pipeline company's stock after purchasing an additional 241,205 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.28% of Enbridge worth $258,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENB. McIlrath & Eck LLC grew its position in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after purchasing an additional 295 shares during the period. Albion Financial Group UT acquired a new stake in Enbridge during the fourth quarter worth about $29,000. Darwin Wealth Management LLC acquired a new stake in Enbridge during the third quarter worth about $37,000. Dixon Mitchell Investment Counsel Inc. raised its position in Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 580 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in Enbridge in the 4th quarter worth approximately $42,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ENB shares. Wells Fargo & Company raised shares of Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. TD Securities began coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Royal Bank of Canada increased their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $67.00.

Enbridge Trading Up 2.5 %

Shares of NYSE:ENB opened at $42.60 on Thursday. The firm has a market capitalization of $92.82 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. The business's 50 day moving average price is $43.45 and its 200-day moving average price is $42.07. 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 1 year low of $32.85 and a 1 year high of $45.78.

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, topping analysts' consensus estimates 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 net margin of 10.04% and a return on equity of 10.16%. During the same quarter in the previous year, the company earned $0.64 earnings per share. On average, equities research analysts forecast 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.

Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.