TrueMark Investments LLC boosted its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 66.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,621 shares of the pipeline company's stock after buying an additional 73,825 shares during the quarter. Enbridge makes up about 2.5% of TrueMark Investments LLC's investment portfolio, making the stock its largest position. TrueMark Investments LLC's holdings in Enbridge were worth $7,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of the stock. McIlrath & Eck LLC raised its stake in shares of Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Albion Financial Group UT bought a new stake in shares of Enbridge during the fourth quarter worth $29,000. Wintrust Investments LLC increased its position in Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its position in Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 580 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Enbridge during the fourth quarter worth about $42,000. 54.60% of the stock is currently owned by institutional investors.
Enbridge Stock Up 0.2 %
NYSE ENB traded up $0.07 during trading hours on Friday, hitting $44.43. The company's stock had a trading volume of 2,281,331 shares, compared to its average volume of 4,410,981. The company's 50-day simple moving average is $43.49 and its two-hundred day simple moving average is $42.49. Enbridge Inc. has a 52 week low of $32.86 and a 52 week high of $45.78. The company has a market capitalization of $96.82 billion, a PE ratio of 25.83, a price-to-earnings-growth 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 (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the company earned $0.64 earnings per share. Research analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. CIBC reiterated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, TD Securities began coverage on shares of Enbridge in a 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 three have assigned 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.
Check Out Our Latest Analysis on Enbridge
Enbridge Company Profile
(
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.
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