May Hill Capital LLC Buys New Shares in Enbridge Inc. (NYSE:ENB)

May Hill Capital 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 Securities & Exchange Commission. The institutional investor acquired 7,606 shares of the pipeline company's stock, valued at approximately $323,000.

Several other hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC boosted its position in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after acquiring an additional 295 shares during the period. Albion Financial Group UT acquired a new stake in shares of Enbridge in the fourth quarter worth about $29,000. Wintrust Investments LLC boosted its position in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the period. Dixon Mitchell Investment Counsel Inc. grew its stake in Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after buying an additional 580 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in Enbridge in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Wall Street Analyst Weigh In

ENB has been the subject of a number of research reports. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank of Canada lifted their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, TD Securities initiated coverage on Enbridge in a 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 issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

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Enbridge Trading Up 0.6 %

ENB traded up $0.27 during mid-day trading on Tuesday, hitting $44.58. The stock had a trading volume of 2,389,094 shares, compared to its average volume of 4,399,273. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. Enbridge Inc. has a 1-year low of $32.86 and a 1-year high of $45.78. The stock's fifty day simple moving average is $43.47 and its 200-day simple moving average is $42.56. The firm has a market capitalization of $97.15 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.52 by $0.23. The firm 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 last year, the company posted $0.64 EPS. As a group, research analysts forecast 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.