Mariner LLC Raises Holdings in Enbridge Inc. (NYSE:ENB)

Mariner LLC boosted its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 255,303 shares of the pipeline company's stock after buying an additional 14,095 shares during the period. Mariner LLC's holdings in Enbridge were worth $10,832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of 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. GQG Partners LLC increased its stake in Enbridge by 2.1% in the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after acquiring an additional 1,495,742 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Enbridge by 2.8% during the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock worth $1,643,935,000 after acquiring an additional 1,040,799 shares in the last quarter. Norges Bank purchased a new position in shares of Enbridge in the fourth quarter valued at $909,415,000. Finally, JPMorgan Chase & Co. raised its stake in Enbridge by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company's stock valued at $655,556,000 after purchasing an additional 176,733 shares in the last quarter. 54.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

ENB has been the topic of several recent research reports. Citigroup initiated coverage on shares of Enbridge in a research report on Friday, April 4th. They set a "buy" rating on the stock. TD Securities initiated coverage on Enbridge in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada boosted their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Trading Up 1.2 %

Shares of NYSE:ENB traded up $0.56 on Tuesday, hitting $45.55. 404,744 shares of the company's stock were exchanged, compared to its average volume of 4,085,418. The business's 50 day simple moving average is $43.15 and its two-hundred day simple moving average is $42.83. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The stock has a market capitalization of $99.25 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a 12 month low of $34.60 and a 12 month high of $46.12.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.64 EPS. Analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

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.