Enbridge Inc. (NYSE:ENB) Position Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,455,349 shares of the pipeline company's stock after purchasing an additional 43,930 shares during the quarter. Enbridge accounts for about 2.5% of TD Waterhouse Canada Inc.'s holdings, making the stock its 5th largest holding. TD Waterhouse Canada Inc. owned 0.34% of Enbridge worth $315,677,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ENB. Vanguard Group Inc. increased its holdings in Enbridge by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. GQG Partners LLC raised its position in shares of Enbridge by 2.1% during the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after purchasing an additional 1,495,742 shares during the last quarter. TD Asset Management Inc. lifted its stake in Enbridge by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after buying an additional 1,040,799 shares in the last quarter. Norges Bank purchased a new stake in Enbridge during the 4th quarter worth approximately $909,415,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Enbridge by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 16,142,638 shares of the pipeline company's stock valued at $655,556,000 after acquiring an additional 176,733 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Performance

Shares of ENB stock traded down $0.06 during midday trading on Wednesday, hitting $45.58. The company had a trading volume of 4,194,160 shares, compared to its average volume of 4,297,260. Enbridge Inc. has a 52-week low of $34.60 and a 52-week high of $46.12. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The company's 50 day simple moving average is $43.15 and its 200 day simple moving average is $42.85. The stock has a market cap of $99.33 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 3.92 and a beta of 0.80.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data 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 net margin of 10.04% and a return on equity of 10.16%. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. Research analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup assumed coverage on Enbridge in a research report on Friday, April 4th. They set a "buy" rating for the company. Royal Bank of Canada raised their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, TD Securities started coverage on Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.