Duff & Phelps Investment Management Co. Purchases 137,819 Shares of Enbridge Inc. (NYSE:ENB)

Duff & Phelps Investment Management Co. raised its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,439,951 shares of the pipeline company's stock after buying an additional 137,819 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.07% of Enbridge worth $61,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENB. apricus wealth LLC increased its position 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 buying an additional 220 shares in the last quarter. Cornerstone Wealth Management LLC grew 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 period. Armstrong Advisory Group Inc. increased its holdings in shares of Enbridge by 3.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock worth $319,000 after acquiring an additional 230 shares in the last quarter. Wintrust Investments LLC lifted its holdings in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its holdings 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 valued at $106,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 54.60% of the company's stock.

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Enbridge Stock Down 0.5 %

NYSE ENB traded down $0.22 during trading on Monday, hitting $44.24. The stock had a trading volume of 764,829 shares, compared to its average volume of 4,396,854. The company has a market capitalization of $96.41 billion, a PE ratio of 25.71, a P/E/G ratio of 3.92 and a beta of 0.95. Enbridge Inc. has a 12 month low of $32.86 and a 12 month high of $45.78. The company's 50-day moving average price is $43.49 and its two-hundred day moving average price is $42.50. 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 (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the prior year, the company posted $0.64 earnings per share. As a group, sell-side analysts forecast that Enbridge Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Securities started coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating on the stock. CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, Royal Bank of Canada upped 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

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.