Mufg Securities Canada LTD. increased its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 72.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,325,954 shares of the pipeline company's stock after purchasing an additional 1,393,449 shares during the quarter. Enbridge accounts for approximately 5.1% of Mufg Securities Canada LTD.'s investment portfolio, making the stock its 6th largest holding. Mufg Securities Canada LTD. owned 0.15% of Enbridge worth $141,070,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of ENB. Vanguard Group Inc. lifted its holdings in shares of Enbridge by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after buying an additional 3,611,421 shares during the period. GQG Partners LLC raised its position in Enbridge by 2.1% during the fourth quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock valued at $3,151,500,000 after acquiring an additional 1,495,742 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Enbridge by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after acquiring an additional 1,040,799 shares during the period. National Bank of Canada FI boosted its position in Enbridge by 12.8% in the 3rd quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company's stock worth $737,754,000 after purchasing an additional 2,061,758 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Enbridge by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company's stock worth $655,556,000 after purchasing an additional 176,733 shares during the period. Hedge funds and other institutional investors own 54.60% of the company's stock.
Enbridge Price Performance
Shares of NYSE ENB traded up $0.07 during midday trading on Friday, hitting $44.43. The stock had a trading volume of 2,281,331 shares, compared to its average volume of 4,410,981. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 1 year low of $32.86 and a 1 year high of $45.78. The company has a market capitalization of $96.82 billion, a PE ratio of 25.83, a P/E/G ratio of 3.92 and a beta of 0.95. The stock has a 50 day simple moving average of $43.49 and a 200-day simple moving average of $42.49.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping 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 company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, sell-side analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. TD Securities initiated coverage on Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada increased their target price on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.
Check Out Our Latest Research Report on ENB
Enbridge Company Profile
(
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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