CWA Asset Management Group LLC Has $3.38 Million Stock Holdings in Enbridge Inc $ENB

Key Points

• CWA Asset Management raised its stake in Enbridge by 64.1% in Q4, owning 70,633 shares worth about $3.38 million after buying an additional 27,581 shares.
• Enbridge reported Q4 EPS of $0.63, beating estimates of $0.60, and reported revenue of $17.18 billion versus analysts' expectations of $9.10 billion.
• Institutional investors own 54.60% of Enbridge (Vanguard holds ~98.3M shares), and analysts hold a consensus rating of "Moderate Buy" with an average price target of $65.

CWA Asset Management Group LLC lifted its holdings in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 64.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,633 shares of the pipeline company's stock after acquiring an additional 27,581 shares during the period. CWA Asset Management Group LLC's holdings in Enbridge were worth $3,378,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Enbridge by 2.0% during the third quarter. Vanguard Group Inc. now owns 98,297,477 shares of the pipeline company's stock worth $4,959,009,000 after buying an additional 1,892,491 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Enbridge by 0.3% in the 3rd quarter. TD Asset Management Inc now owns 40,021,291 shares of the pipeline company's stock valued at $2,019,473,000 after purchasing an additional 137,897 shares in the last quarter. Norges Bank bought a new stake in shares of Enbridge during the second quarter worth $1,113,368,000. Scotia Capital Inc. increased its holdings in Enbridge by 2.1% in the 3rd quarter. Scotia Capital Inc. now owns 14,369,949 shares of the pipeline company's stock worth $723,404,000 after purchasing an additional 300,391 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Enbridge by 38.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 13,213,321 shares of the pipeline company's stock valued at $599,556,000 after buying an additional 3,687,334 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

Enbridge Stock Performance

NYSE:ENB opened at $53.51 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.70. Enbridge Inc has a twelve month low of $39.73 and a twelve month high of $54.70. The company has a fifty day moving average of $51.03 and a 200-day moving average of $49.01. The firm has a market capitalization of $116.75 billion, a P/E ratio of 23.26 and a beta of 0.67.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.The company had revenue of $17.18 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the business earned $0.75 EPS. As a group, sell-side analysts anticipate that Enbridge Inc will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ENB. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Saturday. Citigroup reissued a "buy" rating on shares of Enbridge in a research note on Thursday, February 19th. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a report on Tuesday, February 17th. JPMorgan Chase & Co. downgraded Enbridge from an "overweight" rating to a "neutral" rating in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada raised their target price on Enbridge from $72.00 to $76.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $65.00.

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.

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