GQG Partners LLC Has $3.15 Billion Stock Position in Enbridge Inc. (NYSE:ENB)

GQG Partners LLC raised its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,290,740 shares of the pipeline company's stock after purchasing an additional 1,495,742 shares during the period. Enbridge accounts for approximately 4.7% of GQG Partners LLC's holdings, making the stock its 5th biggest position. GQG Partners LLC owned 3.41% of Enbridge worth $3,151,500,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ENB. Thrivent Financial for Lutherans grew its stake in shares of Enbridge by 23.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,685 shares of the pipeline company's stock worth $1,895,000 after buying an additional 8,848 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Enbridge by 19.6% in the third quarter. Great Valley Advisor Group Inc. now owns 20,161 shares of the pipeline company's stock worth $818,000 after acquiring an additional 3,311 shares in the last quarter. Cerity Partners LLC increased its stake in Enbridge by 6.8% during the third quarter. Cerity Partners LLC now owns 190,814 shares of the pipeline company's stock worth $7,749,000 after acquiring an additional 12,154 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Enbridge by 76.9% during the third quarter. Kingsview Wealth Management LLC now owns 82,130 shares of the pipeline company's stock valued at $3,335,000 after purchasing an additional 35,711 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Enbridge by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 5,357 shares of the pipeline company's stock valued at $218,000 after purchasing an additional 1,965 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

ENB has been the topic of several analyst reports. TD Securities began coverage on Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. CIBC reissued an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada raised their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Enbridge has a consensus rating of "Moderate Buy" and an average target price of $67.00.

Enbridge Trading Up 0.2 %

ENB traded up $0.07 during trading hours on Friday, reaching $44.43. 2,281,331 shares of the company's stock traded hands, compared to its average volume of 4,410,981. The firm has a 50-day moving average price of $43.49 and a 200 day moving average price of $42.49. The firm has a market capitalization of $96.82 billion, a PE ratio of 25.83, a PEG ratio of 3.92 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.55 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 $45.78.

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, sell-side analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

About Enbridge

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.