Enbridge Inc. (NYSE:ENB) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 9.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 527,496 shares of the pipeline company's stock after buying an additional 46,867 shares during the period. O Shaughnessy Asset Management LLC's holdings in Enbridge were worth $22,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ENB. McIlrath & Eck LLC increased its stake in shares of Enbridge by 74.9% in the third 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 purchased a new position in shares of Enbridge during the 4th quarter valued at approximately $29,000. Wintrust Investments LLC grew its holdings in Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares during the period. Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock worth $41,000 after buying an additional 580 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Enbridge in the fourth quarter valued at about $42,000. 54.60% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on ENB shares. Royal Bank of Canada boosted their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. CIBC reissued an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, TD Securities initiated coverage on Enbridge in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Enbridge has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Price Performance

Shares of Enbridge stock traded up $0.42 on Thursday, hitting $45.56. The company's stock had a trading volume of 2,525,617 shares, compared to its average volume of 4,383,878. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $99.28 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. Enbridge Inc. has a 52-week low of $32.86 and a 52-week high of $46.10. The firm has a fifty day moving average price of $43.48 and a 200-day moving average price of $42.57.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data 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. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The company had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, equities research analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

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.