Premier Fund Managers Ltd Grows Stake in Enbridge Inc. (NYSE:ENB)

Premier Fund Managers Ltd grew its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 85.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,800 shares of the pipeline company's stock after buying an additional 128,800 shares during the period. Premier Fund Managers Ltd's holdings in Enbridge were worth $11,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. apricus wealth LLC raised its holdings in shares of Enbridge by 1.1% in the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after acquiring an additional 220 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Enbridge by 0.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after purchasing an additional 227 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in Enbridge by 3.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock valued at $319,000 after purchasing an additional 230 shares during the last quarter. Wintrust Investments LLC lifted its position in Enbridge by 47.8% during 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 last quarter. Finally, Eagle Bay Advisors LLC grew its stake in Enbridge by 10.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock worth $106,000 after buying an additional 240 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research analysts recently issued reports on the stock. TD Securities initiated coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. CIBC reissued an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, Royal Bank of Canada increased their price target 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. Three research 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Trading Down 0.4 %

Shares of NYSE:ENB traded down $0.20 on Monday, reaching $44.26. 906,715 shares of the company traded hands, compared to its average volume of 3,943,511. Enbridge Inc. has a 52 week low of $32.85 and a 52 week high of $45.78. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The business's 50-day simple moving average is $43.49 and its 200 day simple moving average is $42.50. The stock has a market capitalization of $96.45 billion, a P/E ratio of 25.74, 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 quarterly 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. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the firm earned $0.64 EPS. As a group, equities analysts anticipate 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.