Everstar Asset Management LLC Makes New Investment in Enbridge Inc. (NYSE:ENB)

Everstar Asset Management LLC acquired a new stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 9,411 shares of the pipeline company's stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC lifted its position in shares of 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 buying an additional 7,986 shares in the last quarter. Aviso Financial Inc. boosted its position in shares of Enbridge by 4.3% during the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock valued at $60,152,000 after acquiring an additional 58,176 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Enbridge by 70.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock valued at $52,648,000 after purchasing an additional 536,818 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in Enbridge by 32.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock worth $52,880,000 after purchasing an additional 319,907 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares in the last quarter. Institutional investors own 54.60% of the company's stock.

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Wall Street Analyst Weigh In

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

Enbridge Trading Up 0.9 %

Shares of ENB stock traded up $0.42 on Thursday, reaching $45.56. 2,525,617 shares of the company's stock were exchanged, compared to its average volume of 4,383,878. The company's fifty day simple moving average is $43.48 and its 200 day simple moving average is $42.57. The stock has a market capitalization of $99.28 billion, a PE ratio of 26.49, 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. Enbridge Inc. has a 52 week low of $32.86 and a 52 week high of $46.10.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates 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 earnings per share. As a group, analysts forecast that Enbridge Inc. will post 2.14 EPS for the current year.

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.