Vanguard Group Inc. Raises Stock Holdings in Enbridge Inc. (NYSE:ENB)

Vanguard Group Inc. lifted its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,617,146 shares of the pipeline company's stock after acquiring an additional 3,611,421 shares during the period. Vanguard Group Inc. owned 4.21% of Enbridge worth $3,888,507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Enbridge by 1,514.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,799,345 shares of the pipeline company's stock valued at $194,938,000 after purchasing an additional 4,502,115 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Enbridge in the 4th quarter valued at about $180,941,000. National Bank of Canada FI raised its stake in Enbridge by 12.8% during 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 buying an additional 2,061,758 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Enbridge by 1,131.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,545,283 shares of the pipeline company's stock worth $65,514,000 after acquiring an additional 1,419,766 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Enbridge by 44.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,838,371 shares of the pipeline company's stock valued at $156,098,000 after acquiring an additional 1,183,821 shares during the period. 54.60% of the stock is owned by institutional investors.

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Enbridge Stock Up 0.2 %

Shares of ENB stock traded up $0.07 during trading hours on Friday, reaching $44.43. The company had a trading volume of 2,281,331 shares, compared to its average volume of 4,410,981. The company has a market cap of $96.82 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. 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 12 month low of $32.86 and a 12 month high of $45.78. The business has a fifty day simple moving average of $43.49 and a 200-day simple moving average of $42.47.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the firm earned $0.64 EPS. On average, research analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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