Swiss National Bank decreased its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,321,231 shares of the pipeline company's stock after selling 264,000 shares during the quarter. Swiss National Bank owned approximately 0.29% of Enbridge worth $268,163,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ENB. Assetmark Inc. boosted its position in Enbridge by 30.5% during the 3rd quarter. Assetmark Inc. now owns 54,542 shares of the pipeline company's stock valued at $2,215,000 after purchasing an additional 12,743 shares during the period. Versor Investments LP lifted its stake in Enbridge by 9.5% in the third quarter. Versor Investments LP now owns 9,200 shares of the pipeline company's stock valued at $374,000 after buying an additional 800 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Enbridge by 2.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 18,753 shares of the pipeline company's stock valued at $762,000 after acquiring an additional 516 shares during the period. Apollon Wealth Management LLC grew its position in shares of Enbridge by 13.3% during the third quarter. Apollon Wealth Management LLC now owns 56,893 shares of the pipeline company's stock worth $2,311,000 after acquiring an additional 6,683 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Enbridge in the 3rd quarter worth about $624,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.
Enbridge Price Performance
ENB stock traded down $0.00 during trading on Thursday, hitting $42.54. The company had a trading volume of 2,511,024 shares, compared to its average volume of 4,348,848. The firm has a market capitalization of $92.69 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 3.92 and a beta of 0.95. 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 business has a 50 day moving average of $43.46 and a 200 day moving average of $42.18. Enbridge Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $45.78.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued 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 company had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the business posted $0.64 EPS. As a group, research analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on ENB. CIBC reissued an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Royal Bank of Canada boosted their price objective on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, TD Securities began coverage on Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $67.00.
View Our Latest Stock Report on Enbridge
About Enbridge
(
Free Report)
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.
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