Enbridge Inc. (NYSE:ENB) Shares Bought by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury increased its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,252,304 shares of the pipeline company's stock after purchasing an additional 6,944 shares during the period. State of Tennessee Department of Treasury owned 0.06% of Enbridge worth $53,124,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Morse Asset Management Inc purchased a new position in shares of Enbridge during the third quarter worth about $106,000. Barclays PLC lifted its stake in Enbridge by 8.3% in the third quarter. Barclays PLC now owns 584,020 shares of the pipeline company's stock valued at $23,717,000 after buying an additional 44,675 shares during the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after acquiring an additional 295 shares during the period. Passumpsic Savings Bank increased 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 valued at $470,000 after acquiring an additional 276 shares during the period. Finally, Anchor Investment Management LLC raised its position in Enbridge by 0.5% in the 3rd quarter. Anchor Investment Management LLC now owns 123,012 shares of the pipeline company's stock valued at $4,996,000 after purchasing an additional 581 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Stock Down 0.1 %

ENB stock traded down $0.06 during trading on Wednesday, reaching $45.58. The stock had a trading volume of 4,194,160 shares, compared to its average volume of 4,297,260. 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 firm has a fifty day moving average price of $43.15 and a 200 day moving average price of $42.85. The company has a market capitalization of $99.33 billion, a P/E ratio of 26.50, a PEG ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a 1-year low of $34.60 and a 1-year high of $46.12.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm posted $0.64 EPS. On average, equities analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ENB. Royal Bank of Canada lifted their price objective 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. Citigroup started coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. TD Securities initiated coverage on Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Finally, CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.