Steward Partners Investment Advisory LLC Raises Stock Holdings in Enbridge Inc. (NYSE:ENB)

Steward Partners Investment Advisory LLC boosted its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,526 shares of the pipeline company's stock after buying an additional 23,079 shares during the period. Steward Partners Investment Advisory LLC's holdings in Enbridge were worth $3,926,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC increased its position in Enbridge by 18.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 9,966 shares of the pipeline company's stock worth $423,000 after buying an additional 1,570 shares during the period. LGT Group Foundation increased its holdings in shares of Enbridge by 0.5% in the fourth quarter. LGT Group Foundation now owns 260,660 shares of the pipeline company's stock valued at $11,049,000 after purchasing an additional 1,240 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $1,405,000. Jones Financial Companies Lllp increased its holdings in shares of Enbridge by 64.2% in the fourth quarter. Jones Financial Companies Lllp now owns 938,013 shares of the pipeline company's stock valued at $39,800,000 after purchasing an additional 366,863 shares during the period. Finally, Modera Wealth Management LLC increased its holdings in shares of Enbridge by 3.5% in the fourth quarter. Modera Wealth Management LLC now owns 12,573 shares of the pipeline company's stock valued at $533,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 54.60% of the company's stock.

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Enbridge Price Performance

ENB stock traded up $0.40 on Friday, reaching $42.00. 3,144,296 shares of the company's stock were exchanged, compared to its average volume of 4,411,846. The stock has a fifty day moving average of $43.45 and a 200-day moving average of $42.10. Enbridge Inc. has a twelve month low of $32.85 and a twelve month high of $45.78. The firm has a market cap of $91.51 billion, a PE ratio of 24.42, a P/E/G ratio of 3.92 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its 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. The company had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the previous year, the business earned $0.64 earnings per share. As a group, equities analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ENB has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. TD Securities initiated coverage on Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enbridge presently has a consensus rating of "Hold" and a consensus 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.