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

Aviso Financial Inc. lifted its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,417,584 shares of the pipeline company's stock after buying an additional 58,176 shares during the period. Enbridge makes up about 3.0% of Aviso Financial Inc.'s investment portfolio, making the stock its 13th largest holding. Aviso Financial Inc. owned about 0.07% of Enbridge worth $60,152,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank boosted its position in shares of Enbridge by 3.2% during the third quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company's stock worth $267,935,000 after buying an additional 207,200 shares during the period. Metis Global Partners LLC lifted its position in Enbridge by 4.0% in the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after purchasing an additional 7,986 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Enbridge by 70.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock valued at $52,648,000 after acquiring an additional 536,818 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of Enbridge by 32.6% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock valued at $52,880,000 after acquiring an additional 319,907 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Enbridge by 8.6% during the 4th quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock valued at $26,808,000 after acquiring an additional 49,800 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

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Enbridge Stock Up 0.7 %

NYSE:ENB traded up $0.31 during trading hours on Friday, hitting $42.86. 2,041,656 shares of the stock traded hands, compared to its average volume of 4,301,787. The firm has a 50 day moving average price of $43.45 and a 200 day moving average price of $42.20. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $45.78. The firm has a market cap of $93.38 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results 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 net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business posted $0.64 earnings per share. Equities research analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ENB shares. Royal Bank of Canada increased their price objective on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, TD Securities started coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.00.

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.