Enbridge Inc $ENB Shares Bought by HUB Investment Partners LLC

HUB Investment Partners LLC grew its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,672 shares of the pipeline company’s stock after buying an additional 12,064 shares during the period. HUB Investment Partners LLC’s holdings in Enbridge were worth $10,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Westwood Holdings Group Inc. boosted its holdings in Enbridge by 83.1% in the second quarter. Westwood Holdings Group Inc. now owns 2,301,067 shares of the pipeline company’s stock valued at $104,284,000 after purchasing an additional 1,044,093 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Enbridge by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 1,676,947 shares of the pipeline company’s stock worth $83,176,000 after purchasing an additional 221,976 shares in the last quarter. Trajan Wealth LLC lifted its position in shares of Enbridge by 15.3% during the 3rd quarter. Trajan Wealth LLC now owns 804,261 shares of the pipeline company’s stock worth $40,583,000 after buying an additional 106,784 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Enbridge by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 339,147 shares of the pipeline company’s stock valued at $17,113,000 after buying an additional 24,165 shares in the last quarter. Finally, Aviva PLC grew its position in shares of Enbridge by 6.7% in the 2nd quarter. Aviva PLC now owns 1,785,676 shares of the pipeline company’s stock valued at $80,959,000 after buying an additional 112,305 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ENB shares. Weiss Ratings upgraded shares of Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a research report on Tuesday, February 17th. Scotiabank reissued an “outperform” rating on shares of Enbridge in a report on Tuesday, February 17th. Finally, Zacks Research raised Enbridge from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Enbridge Trading Up 0.4%

NYSE:ENB opened at $54.08 on Friday. Enbridge Inc has a 12-month low of $39.73 and a 12-month high of $54.42. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70. The stock’s 50 day simple moving average is $49.62 and its 200-day simple moving average is $48.59. The firm has a market cap of $117.99 billion, a P/E ratio of 23.51 and a beta of 0.67.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.The firm had revenue of $17.18 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the company earned $0.75 earnings per share. Equities analysts anticipate that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.