Enbridge Inc. (NYSE:ENB) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,150,521 shares of the pipeline company's stock after buying an additional 7,890 shares during the quarter. Wellington Management Group LLP owned 0.05% of Enbridge worth $48,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ENB. BNP Paribas Financial Markets grew its holdings in Enbridge by 734.9% in the third quarter. BNP Paribas Financial Markets now owns 53,467 shares of the pipeline company's stock valued at $2,171,000 after purchasing an additional 47,063 shares during the period. Verition Fund Management LLC boosted its stake in Enbridge by 13.5% during the 3rd quarter. Verition Fund Management LLC now owns 7,637 shares of the pipeline company's stock worth $310,000 after purchasing an additional 910 shares during the last quarter. HighTower Advisors LLC grew its stake in Enbridge by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 520,422 shares of the pipeline company's stock valued at $21,115,000 after acquiring an additional 8,902 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Enbridge by 431.5% in the third quarter. Janus Henderson Group PLC now owns 1,057,996 shares of the pipeline company's stock valued at $42,966,000 after purchasing an additional 858,932 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Enbridge by 7.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 59,331 shares of the pipeline company's stock worth $2,409,000 after acquiring an additional 3,973 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of NYSE:ENB traded up $0.63 during midday trading on Wednesday, hitting $41.72. 6,113,474 shares of the stock were exchanged, compared to its average volume of 4,450,436. Enbridge Inc. has a twelve month low of $32.86 and a twelve month high of $46.12. 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 company has a 50 day moving average price of $43.17 and a 200-day moving average price of $42.64. The stock has a market cap of $90.91 billion, a P/E ratio of 24.26, a PEG ratio of 3.92 and a beta of 0.80.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS 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 business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm posted $0.64 EPS. On average, research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ENB. Royal Bank of Canada upped their price objective on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating on the stock. CIBC reiterated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, TD Securities initiated coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.