Enbridge Inc. (NYSE:ENB) Stock Holdings Increased by Cerity Partners LLC

Cerity Partners LLC raised its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,115 shares of the pipeline company's stock after purchasing an additional 26,301 shares during the quarter. Cerity Partners LLC's holdings in Enbridge were worth $9,111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in 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 last quarter. GQG Partners LLC boosted its holdings in Enbridge by 2.1% in 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 purchasing an additional 1,495,742 shares during the last quarter. TD Asset Management Inc. grew its stake in Enbridge by 2.8% during the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after purchasing an additional 1,040,799 shares in the last quarter. Norges Bank purchased a new stake in Enbridge during the 4th quarter worth approximately $909,415,000. Finally, JPMorgan Chase & Co. raised its position in shares of Enbridge by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company's stock valued at $655,556,000 after purchasing an additional 176,733 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

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Enbridge Stock Performance

ENB traded up $0.84 on Monday, hitting $44.08. 2,177,268 shares of the company's stock were exchanged, compared to its average volume of 4,436,503. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average of $43.14 and a two-hundred day moving average of $42.67. Enbridge Inc. has a twelve month low of $32.86 and a twelve month high of $46.12. The firm has a market cap of $96.06 billion, a PE ratio of 25.63, a P/E/G ratio of 3.92 and a beta of 0.80.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly 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 the consensus estimate of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter last year, the business posted $0.64 EPS. On average, research analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ENB. Citigroup began coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a "buy" rating for the company. Royal Bank of Canada increased their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Enbridge 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.