15,694 Shares in Enbridge Inc. (NYSE:ENB) Bought by Global View Capital Management LLC

Global View Capital Management LLC acquired a new position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,694 shares of the pipeline company's stock, valued at approximately $675,000.

Several other large investors have also recently bought and sold shares of the company. Swiss National Bank increased its holdings in Enbridge by 3.2% during the 3rd quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company's stock worth $267,935,000 after purchasing an additional 207,200 shares in the last quarter. Metis Global Partners LLC lifted its holdings 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 valued at $8,782,000 after purchasing an additional 7,986 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted 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. lifted its holdings in shares of 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 valued at $52,880,000 after purchasing an additional 319,907 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Enbridge by 8.6% in the fourth quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock valued at $26,808,000 after purchasing an additional 49,800 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

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Analysts Set New Price Targets

ENB has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, TD Securities assumed coverage on Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Price Performance

NYSE ENB traded up $0.61 on Wednesday, hitting $42.91. 1,726,143 shares of the company's stock were exchanged, compared to its average volume of 4,349,985. The stock has a 50-day moving average of $43.46 and a 200-day moving average of $42.17. The stock has a market cap of $93.49 billion, a price-to-earnings ratio of 24.94, 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 $32.85 and a 52 week high of $45.78.

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. 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 the consensus estimate of $4.78 billion. During the same period in the prior year, the business earned $0.64 earnings per share. Analysts expect that Enbridge Inc. will post 2.14 earnings per share 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.