Aviso Financial Inc. Acquires 58,176 Shares of Enbridge Inc. (NYSE:ENB)

Aviso Financial Inc. raised its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,417,584 shares of the pipeline company's stock after purchasing an additional 58,176 shares during the period. Enbridge makes up approximately 3.0% of Aviso Financial Inc.'s portfolio, making the stock its 13th biggest holding. Aviso Financial Inc. owned about 0.07% of Enbridge worth $60,152,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ENB. McIlrath & Eck LLC boosted its stake in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Albion Financial Group UT acquired a new position in Enbridge during the 4th quarter valued at about $29,000. Wintrust Investments LLC boosted its stake in 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 during the last quarter. Darwin Wealth Management LLC acquired a new position in Enbridge during the 3rd quarter valued at about $37,000. Finally, Dixon Mitchell Investment Counsel Inc. boosted its stake in Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

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Enbridge Stock Performance

Shares of NYSE ENB traded up $0.31 during midday trading on Friday, reaching $42.86. The company's stock had a trading volume of 2,041,656 shares, compared to its average volume of 4,301,787. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The stock has a market capitalization of $93.38 billion, a P/E ratio of 24.92, a PEG ratio of 3.92 and a beta of 0.95. The firm has a 50 day moving average price of $43.45 and a 200-day moving average price of $42.21. Enbridge Inc. has a 12-month low of $32.85 and a 12-month high of $45.78.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly 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 company had revenue of $11.59 billion for 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 firm posted $0.64 EPS. As a group, equities analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ENB has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, TD Securities started coverage on Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge 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.