Asset Dedication LLC raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 19.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,028 shares of the pipeline company’s stock after buying an additional 324 shares during the quarter. Asset Dedication LLC’s holdings in Enbridge were worth $73,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC lifted its position in shares of Enbridge by 2.4% in the 4th quarter. AE Wealth Management LLC now owns 31,348 shares of the pipeline company’s stock worth $974,000 after acquiring an additional 740 shares during the period. Stock Yards Bank & Trust Co. lifted its position in shares of Enbridge by 25.7% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 9,448 shares of the pipeline company’s stock worth $294,000 after acquiring an additional 1,930 shares during the period. Morgan Stanley lifted its position in shares of Enbridge by 11.0% in the 3rd quarter. Morgan Stanley now owns 4,787,632 shares of the pipeline company’s stock worth $154,592,000 after acquiring an additional 472,660 shares during the period. Freestone Capital Holdings LLC bought a new stake in shares of Enbridge in the 4th quarter worth approximately $3,328,000. Finally, Mutual Advisors LLC bought a new stake in shares of Enbridge in the 4th quarter worth approximately $478,000. 56.43% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge stock opened at $37.19 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.58 and a debt-to-equity ratio of 0.92. The company has a market cap of $75.24 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.40 and a beta of 0.69. Enbridge Inc has a one year low of $28.82 and a one year high of $37.69.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, February 15th. The pipeline company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The business had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $12.27 billion. Enbridge had a return on equity of 8.72% and a net margin of 5.64%. During the same quarter last year, the company earned $0.61 EPS. On average, equities research analysts forecast that Enbridge Inc will post 1.72 EPS for the current fiscal year.

In other Enbridge news, insider Albert Monaco acquired 7,806 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of $49.33 per share, for a total transaction of $385,069.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Allen C. Capps sold 6,514 shares of Enbridge stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $37.02, for a total value of $241,148.28. Following the completion of the transaction, the insider now owns 3,437 shares of the company’s stock, valued at approximately $127,237.74. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

A number of brokerages have commented on ENB. Zacks Investment Research upgraded Enbridge from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, February 5th. ValuEngine downgraded Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Wolfe Research upgraded Enbridge from a “market perform” rating to an “outperform” rating in a research report on Monday, January 7th. Evercore ISI began coverage on Enbridge in a research report on Tuesday, February 5th. They issued an “outperform” rating for the company. Finally, Scotiabank downgraded Enbridge from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $46.46.

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Enbridge Company 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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