MSH Capital Advisors LLC Takes Position in Enbridge Inc. (NYSE:ENB)

MSH Capital Advisors 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 filing with the Securities and Exchange Commission. The fund acquired 16,038 shares of the pipeline company's stock, valued at approximately $680,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its stake in shares of Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after buying an additional 295 shares in the last quarter. Albion Financial Group UT bought a new stake in Enbridge during the 4th quarter valued at approximately $29,000. Wintrust Investments LLC boosted its stake in Enbridge by 47.8% in the 4th 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 holdings in Enbridge by 149.9% during 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 in the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in Enbridge in the 4th quarter valued at $42,000. Institutional investors own 54.60% of the company's stock.

Enbridge Stock Up 1.7 %

ENB stock traded up $0.75 on Friday, hitting $45.32. 4,781,000 shares of the company's stock were exchanged, compared to its average volume of 4,391,070. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The stock has a market cap of $98.76 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The firm has a 50 day moving average price of $43.15 and a two-hundred day moving average price of $42.78. Enbridge Inc. has a 12-month low of $33.92 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, beating analysts' consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the prior year, the firm earned $0.64 earnings per share. As a group, equities research analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ENB. Citigroup assumed coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. TD Securities initiated coverage on Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada raised their price objective on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Enbridge currently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

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.