Unigestion Holding SA Makes New Investment in Enbridge Inc. (NYSE:ENB)

Unigestion Holding SA acquired a new stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 252,600 shares of the pipeline company's stock, valued at approximately $10,699,000.

Several other large investors have also bought and sold shares of ENB. Metis Global Partners LLC raised its holdings in Enbridge by 4.0% during the 4th quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after buying an additional 7,986 shares during the period. Aviso Financial Inc. boosted its stake in shares of Enbridge by 4.3% during the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock valued at $60,152,000 after buying an additional 58,176 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Enbridge by 70.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock valued at $52,648,000 after acquiring an additional 536,818 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of Enbridge by 32.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock worth $52,880,000 after acquiring an additional 319,907 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ENB shares. Citigroup assumed coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Royal Bank of Canada raised their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. CIBC restated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, TD Securities began 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 four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Stock Performance

NYSE:ENB traded up $0.14 during mid-day trading on Thursday, hitting $41.91. The stock had a trading volume of 3,344,995 shares, compared to its average volume of 4,446,649. Enbridge Inc. has a twelve month low of $32.86 and a twelve month high of $46.12. The company's 50 day simple moving average is $43.17 and its 200 day simple moving average is $42.64. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The stock has a market cap of $91.32 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 3.92 and a beta of 0.80.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share 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 posted $0.64 EPS. On average, equities research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

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.