Capital International Sarl raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.6% in the 4th quarter, HoldingsChannel reports. The fund owned 172,522 shares of the pipeline company’s stock after acquiring an additional 10,622 shares during the period. Capital International Sarl’s holdings in Enbridge were worth $6,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Manchester Financial Inc. purchased a new stake in shares of Enbridge during the 4th quarter valued at $28,000. S.A. Mason LLC purchased a new stake in shares of Enbridge in the fourth quarter worth $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Enbridge by 1,047.1% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 803 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 733 shares during the last quarter. Tobias Financial Advisors Inc. purchased a new stake in shares of Enbridge in the fourth quarter worth $33,000. Finally, Raab & Moskowitz Asset Management LLC purchased a new stake in shares of Enbridge in the fourth quarter worth $36,000. Institutional investors own 55.43% of the company’s stock.

Shares of Enbridge stock traded up $1.50 during trading on Thursday, hitting $30.04. 4,133,139 shares of the company’s stock traded hands, compared to its average volume of 8,353,107. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.55 and a quick ratio of 0.47. Enbridge Inc has a 1 year low of $22.57 and a 1 year high of $43.15. The stock has a market capitalization of $54.51 billion, a P/E ratio of 15.10, a PEG ratio of 1.41 and a beta of 0.67. The business has a 50-day simple moving average of $36.46 and a 200-day simple moving average of $37.39.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). Enbridge had a net margin of 11.38% and a return on equity of 8.74%. The business had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.53 billion. On average, equities analysts predict that Enbridge Inc will post 1.9 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on ENB shares. Goldman Sachs Group cut Enbridge from a “neutral” rating to a “sell” rating and cut their target price for the stock from $52.00 to $51.00 in a research note on Sunday, February 23rd. Barclays raised Enbridge to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday. US Capital Advisors raised Enbridge from a “hold” rating to a “buy” rating in a research note on Friday, March 13th. Jefferies Financial Group raised Enbridge from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday. Finally, Argus started coverage on Enbridge in a research note on Wednesday, December 4th. They issued a “buy” rating and a $44.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Enbridge currently has a consensus rating of “Buy” and a consensus price target of $51.08.

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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