TD Asset Management Inc. Purchases 1,040,799 Shares of Enbridge Inc. (NYSE:ENB)

TD Asset Management Inc. grew its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,752,759 shares of the pipeline company's stock after buying an additional 1,040,799 shares during the period. Enbridge accounts for 1.5% of TD Asset Management Inc.'s portfolio, making the stock its 11th biggest holding. TD Asset Management Inc. owned 1.78% of Enbridge worth $1,643,935,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its holdings in Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT bought a new position in shares of Enbridge during the fourth quarter worth $29,000. Wintrust Investments LLC grew its stake 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 acquiring an additional 238 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. increased its holdings in Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 580 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Enbridge during the fourth quarter valued at about $42,000. 54.60% of the stock is owned by hedge funds and other institutional investors.

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Enbridge Trading Up 0.2 %

Shares of ENB stock traded up $0.07 on Friday, reaching $44.43. 2,281,331 shares of the company's stock were exchanged, compared to its average volume of 4,410,981. The company's fifty day simple moving average is $43.49 and its 200 day simple moving average is $42.49. The stock has a market capitalization of $96.82 billion, a PE ratio of 25.83, a P/E/G ratio of 3.92 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 52 week low of $32.86 and a 52 week high of $45.78.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate 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 last year, the business posted $0.64 EPS. As a group, analysts forecast that Enbridge Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Enbridge Company 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.