Kestra Private Wealth Services LLC raised its stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 32.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,428 shares of the pipeline company's stock after purchasing an additional 17,300 shares during the period. Kestra Private Wealth Services LLC's holdings in Enbridge were worth $3,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also modified their holdings of ENB. Vanguard Group Inc. raised its position in shares of Enbridge by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. GQG Partners LLC raised its position in shares of Enbridge by 2.1% during the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock worth $3,151,500,000 after acquiring an additional 1,495,742 shares in the last quarter. TD Asset Management Inc. raised its holdings in Enbridge by 2.8% during the fourth quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock worth $1,643,935,000 after purchasing an additional 1,040,799 shares in the last quarter. Deutsche Bank AG raised its holdings in Enbridge by 13.9% during the fourth quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock worth $1,541,745,000 after purchasing an additional 4,426,684 shares in the last quarter. Finally, Norges Bank acquired a new stake in Enbridge during the fourth quarter worth approximately $909,415,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.
Enbridge Price Performance
Shares of NYSE:ENB traded down $0.19 on Friday, hitting $45.27. The company had a trading volume of 466,676 shares, compared to its average volume of 4,007,185. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51. Enbridge Inc has a 52-week low of $36.38 and a 52-week high of $47.44. The business has a 50 day moving average of $45.41 and a 200 day moving average of $44.49. The company has a market cap of $98.71 billion, a PE ratio of 23.34, a PEG ratio of 4.26 and a beta of 0.79.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The company had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. During the same period in the prior year, the firm earned $0.92 EPS. As a group, equities analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ENB has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of Enbridge from a "hold" rating to a "buy" rating in a research note on Wednesday. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Finally, Citigroup started coverage on shares of Enbridge in a research report on Friday, April 4th. They set a "buy" rating on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $67.00.
Read Our Latest Report on ENB
About Enbridge
(
Free Report)
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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