Woodstock Corp raised its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,740 shares of the pipeline company’s stock after purchasing an additional 9,752 shares during the period. Woodstock Corp’s holdings in Enbridge were worth $2,393,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Johnson Midwest Financial LLC acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $27,000. McCarthy Asset Management Inc. acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $27,000. Reby Advisors LLC acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $29,000. Costello Asset Management INC acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $31,000. Finally, TRU Independence Asset Management 2 LLC acquired a new position in shares of Enbridge in the fourth quarter valued at approximately $35,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

ENB has been the subject of several research analyst reports. CIBC reduced their price target on shares of Enbridge from $53.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, February 16th. National Bank Financial reiterated an “outperform” rating on shares of Enbridge in a report on Wednesday, January 27th. Stifel Nicolaus reduced their price target on shares of Enbridge from $58.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, February 16th. Credit Suisse Group increased their target price on shares of Enbridge from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, January 29th. Finally, TD Securities increased their target price on shares of Enbridge from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, February 16th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $52.36.

ENB traded up $0.05 during trading hours on Thursday, hitting $36.79. 124,274 shares of the company’s stock were exchanged, compared to its average volume of 5,042,201. Enbridge Inc. has a 1-year low of $26.97 and a 1-year high of $37.31. The stock’s 50-day moving average is $35.86 and its two-hundred day moving average is $32.67. The stock has a market cap of $74.52 billion, a price-to-earnings ratio of 51.75, a PEG ratio of 2.48 and a beta of 0.82. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 1.04.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Thursday, February 11th. The pipeline company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. The firm had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $10.04 billion. Enbridge had a net margin of 5.57% and a return on equity of 8.50%. During the same quarter last year, the company posted $0.61 earnings per share. On average, equities research analysts anticipate that Enbridge Inc. will post 1.91 EPS for the current year.

Enbridge Company Profile

Enbridge Inc 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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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