Enbridge Inc. (NYSE:ENB) Shares Bought by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC raised its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 107.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,163 shares of the pipeline company's stock after purchasing an additional 16,684 shares during the period. LaSalle St. Investment Advisors LLC's holdings in Enbridge were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. XTX Topco Ltd bought a new stake in Enbridge during the 4th quarter valued at $773,000. Broyhill Asset Management purchased a new stake in Enbridge in the fourth quarter worth about $467,000. Mariner LLC grew its holdings in Enbridge by 5.8% during the 4th quarter. Mariner LLC now owns 255,303 shares of the pipeline company's stock worth $10,832,000 after acquiring an additional 14,095 shares in the last quarter. Barclays PLC raised its holdings in shares of Enbridge by 101.8% in the 4th quarter. Barclays PLC now owns 1,178,653 shares of the pipeline company's stock valued at $50,011,000 after purchasing an additional 594,633 shares in the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Enbridge in the 4th quarter worth approximately $240,000. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Performance

Shares of ENB stock traded up $0.17 during mid-day trading on Tuesday, reaching $44.19. The stock had a trading volume of 3,214,312 shares, compared to its average volume of 4,435,521. 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 1-year low of $32.86 and a 1-year high of $46.12. The firm has a market cap of $96.30 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.92 and a beta of 0.80. The business's fifty day moving average is $43.14 and its 200-day moving average is $42.69.

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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, topping the consensus estimate of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter last year, the company posted $0.64 earnings per share. On average, research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ENB. Royal Bank of Canada boosted their price target on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, TD Securities began coverage on shares of Enbridge in a research report 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 issued a buy rating to the stock. According to MarketBeat, Enbridge currently has an average rating of "Moderate Buy" and a consensus target price 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.