Cetera Investment Advisers Increases Stake in Enbridge Inc (NYSE:ENB)

Cetera Investment Advisers increased its holdings in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 1.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 913,285 shares of the pipeline company's stock after purchasing an additional 15,202 shares during the quarter. Cetera Investment Advisers' holdings in Enbridge were worth $40,426,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ENB. Capital Investment Counsel Inc lifted its holdings in shares of Enbridge by 3.1% during the 1st quarter. Capital Investment Counsel Inc now owns 7,527 shares of the pipeline company's stock valued at $333,000 after buying an additional 223 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Enbridge by 0.7% in the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 34,326 shares of the pipeline company's stock worth $1,526,000 after purchasing an additional 226 shares during the last quarter. Loudon Investment Management LLC lifted its holdings in Enbridge by 1.1% in the 1st quarter. Loudon Investment Management LLC now owns 21,201 shares of the pipeline company's stock worth $939,000 after purchasing an additional 240 shares during the last quarter. Hardin Capital Partners LLC lifted its holdings in Enbridge by 2.7% in the 1st quarter. Hardin Capital Partners LLC now owns 9,553 shares of the pipeline company's stock worth $423,000 after purchasing an additional 252 shares during the last quarter. Finally, Investors Research Corp lifted its holdings in Enbridge by 9.5% in the 1st quarter. Investors Research Corp now owns 3,051 shares of the pipeline company's stock worth $135,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Trading Down 1.0%

Shares of ENB opened at $45.00 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 1.51. Enbridge Inc has a 12-month low of $36.38 and a 12-month high of $47.44. The firm has a market capitalization of $98.11 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 4.20 and a beta of 0.79. The stock's fifty day simple moving average is $45.41 and its 200-day simple moving average is $44.51.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. The business had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, research analysts predict that Enbridge Inc will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. National Bankshares restated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Royal Bank Of Canada restated an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a report on Monday, May 12th. Citigroup assumed coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. Jefferies Financial Group upgraded Enbridge from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, 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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