Diversified Trust Co boosted its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,465 shares of the pipeline company’s stock after purchasing an additional 560 shares during the quarter. Diversified Trust Co’s holdings in Enbridge were worth $1,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wade G W & Inc. raised its position in shares of Enbridge by 3.6% in the second quarter. Wade G W & Inc. now owns 8,843 shares of the pipeline company’s stock valued at $269,000 after purchasing an additional 308 shares during the period. TCF National Bank grew its position in shares of Enbridge by 2.3% in the 2nd quarter. TCF National Bank now owns 14,180 shares of the pipeline company’s stock worth $512,000 after buying an additional 319 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in Enbridge by 1.6% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 21,587 shares of the pipeline company’s stock valued at $657,000 after purchasing an additional 330 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Enbridge by 1.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 20,595 shares of the pipeline company’s stock valued at $626,000 after acquiring an additional 332 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in shares of Enbridge by 2.3% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 16,188 shares of the pipeline company’s stock worth $473,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 52.27% of the company’s stock.

NYSE:ENB opened at $29.45 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $30.56 and a 200-day simple moving average of $30.90. The company has a market cap of $59.64 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 1.54 and a beta of 0.83. Enbridge Inc has a twelve month low of $22.57 and a twelve month high of $43.15.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Wednesday, July 29th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $8.54 billion. Enbridge had a return on equity of 8.61% and a net margin of 5.17%. During the same period last year, the company earned $0.67 EPS. As a group, equities research analysts predict that Enbridge Inc will post 2.05 EPS for the current fiscal year.

ENB has been the subject of several research analyst reports. Morgan Stanley upgraded Enbridge from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, July 15th. CIBC upped their target price on Enbridge from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Tudor Pickering reaffirmed a “buy” rating and issued a $50.00 price target on shares of Enbridge in a research report on Tuesday, July 28th. Royal Bank of Canada dropped their price target on Enbridge from $61.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company cut Enbridge from an “overweight” rating to an “equal weight” rating and set a $51.00 price target for the company. in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. Enbridge has a consensus rating of “Buy” and a consensus target price of $51.50.

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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