Rockefeller Capital Management L.P. raised its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 296,126 shares of the pipeline company's stock after purchasing an additional 30,452 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Enbridge were worth $12,564,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc bought a new stake in Enbridge in the third quarter worth $106,000. Barclays PLC lifted its holdings in shares of Enbridge by 8.3% in the 3rd quarter. Barclays PLC now owns 584,020 shares of the pipeline company's stock valued at $23,717,000 after acquiring an additional 44,675 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in Enbridge during the third quarter worth approximately $203,000. McIlrath & Eck LLC lifted its stake in shares of Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Finally, Passumpsic Savings Bank boosted its holdings in shares of Enbridge by 2.4% in the 3rd quarter. Passumpsic Savings Bank now owns 11,575 shares of the pipeline company's stock worth $470,000 after purchasing an additional 276 shares during the period. Hedge funds and other institutional investors own 54.60% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ENB shares. Royal Bank of Canada upped their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They set a "buy" rating for the company. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $67.00.
Read Our Latest Report on Enbridge
Enbridge Stock Performance
ENB traded up $0.75 on Friday, reaching $45.32. 4,781,000 shares of the stock were exchanged, compared to its average volume of 4,391,070. 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 fifty-two week low of $33.92 and a fifty-two week high of $46.12. The firm has a market capitalization of $98.76 billion, a PE ratio of 26.35, a PEG ratio of 3.92 and a beta of 0.80. The company's 50-day moving average price is $43.15 and its 200 day moving average price is $42.78.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates 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 company earned $0.64 earnings per share. As a group, sell-side analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.
About Enbridge
(
Free Report)
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.
Recommended Stories
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
