Zions Bancorporation N.A. Buys 28,420 Shares of Enbridge Inc. (NYSE:ENB)

Zions Bancorporation N.A. increased its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,960 shares of the pipeline company's stock after buying an additional 28,420 shares during the period. Enbridge accounts for approximately 0.7% of Zions Bancorporation N.A.'s holdings, making the stock its 20th biggest holding. Zions Bancorporation N.A.'s holdings in Enbridge were worth $10,563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in shares of Enbridge by 23.4% in the third quarter. Thrivent Financial for Lutherans now owns 46,685 shares of the pipeline company's stock valued at $1,895,000 after purchasing an additional 8,848 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in Enbridge by 19.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 20,161 shares of the pipeline company's stock valued at $818,000 after buying an additional 3,311 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Enbridge by 6.8% in the 3rd quarter. Cerity Partners LLC now owns 190,814 shares of the pipeline company's stock valued at $7,749,000 after buying an additional 12,154 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Enbridge by 76.9% during the third quarter. Kingsview Wealth Management LLC now owns 82,130 shares of the pipeline company's stock worth $3,335,000 after acquiring an additional 35,711 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Enbridge by 57.9% during the third quarter. Larson Financial Group LLC now owns 5,357 shares of the pipeline company's stock valued at $218,000 after acquiring an additional 1,965 shares during the period. Institutional investors and hedge funds own 54.60% of the company's stock.

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Enbridge Trading Up 0.2 %

Shares of ENB stock traded up $0.07 on Friday, reaching $44.43. The company had a trading volume of 2,281,331 shares, compared to its average volume of 4,410,981. The stock has a market cap of $96.82 billion, a PE ratio of 25.83, a PEG ratio of 3.92 and a beta of 0.95. The company has a 50-day moving average of $43.49 and a 200-day moving average of $42.49. 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 12 month low of $32.86 and a 12 month high of $45.78.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm 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 earnings per share. On average, equities analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ENB shares. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. TD Securities started coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Finally, 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $67.00.

About Enbridge

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.