Apollo Management Holdings L.P. lifted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 32.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,250 shares of the pipeline company’s stock after buying an additional 32,000 shares during the period. Apollo Management Holdings L.P.’s holdings in Enbridge were worth $4,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Enbridge by 271.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,457,415 shares of the pipeline company’s stock worth $79,350,000 after purchasing an additional 1,796,637 shares during the period. Kayne Anderson Capital Advisors LP increased its stake in Enbridge by 11.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,441,641 shares of the pipeline company’s stock worth $46,544,000 after purchasing an additional 145,700 shares during the period. Jennison Associates LLC increased its stake in Enbridge by 307.7% in the 3rd quarter. Jennison Associates LLC now owns 697,847 shares of the pipeline company’s stock worth $22,521,000 after purchasing an additional 526,660 shares during the period. Alliancebernstein L.P. increased its stake in Enbridge by 12.2% in the 3rd quarter. Alliancebernstein L.P. now owns 357,348 shares of the pipeline company’s stock worth $11,539,000 after purchasing an additional 38,827 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in Enbridge by 18.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 133,188 shares of the pipeline company’s stock worth $4,301,000 after purchasing an additional 21,092 shares during the period. 55.98% of the stock is currently owned by institutional investors.

A number of brokerages have commented on ENB. Zacks Investment Research raised Enbridge from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, February 5th. Wolfe Research raised Enbridge from a “market perform” rating to an “outperform” rating in a research note on Monday, January 7th. Evercore ISI began coverage on Enbridge in a research note on Tuesday, February 5th. They issued an “outperform” rating on the stock. Scotiabank cut Enbridge from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 4th. Finally, Macquarie began coverage on Enbridge in a research note on Thursday, January 24th. They issued an “outperform” rating on the stock. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $46.46.

In other Enbridge news, insider Cynthia L. Hansen acquired 799 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $49.13 per share, for a total transaction of $39,254.87. Following the transaction, the insider now owns 105,423 shares in the company, valued at $5,179,431.99. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Albert Monaco acquired 7,806 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $49.33 per share, for a total transaction of $385,069.98. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 9,406 shares of company stock worth $459,513. Corporate insiders own 0.48% of the company’s stock.

Shares of ENB stock opened at $37.03 on Thursday. The company has a market capitalization of $74.72 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.70. Enbridge Inc has a fifty-two week low of $28.82 and a fifty-two week high of $37.69. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.49 and a current ratio of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 15th. The pipeline company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.04. The firm had revenue of $8.75 billion for the quarter, compared to analyst estimates of $12.27 billion. Enbridge had a return on equity of 8.72% and a net margin of 5.64%. During the same period last year, the company earned $0.61 EPS. Research analysts forecast that Enbridge Inc will post 1.73 earnings per share for the current year.

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Enbridge Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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