LPL Financial LLC Raises Stake in Enbridge Inc (NYSE:ENB)

LPL Financial LLC grew its stake in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB by 0.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,082,393 shares of the pipeline company's stock after purchasing an additional 12,057 shares during the quarter. LPL Financial LLC owned approximately 0.14% of Enbridge worth $136,581,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ENB. TD Asset Management Inc raised its holdings in shares of Enbridge by 1.3% in the first quarter. TD Asset Management Inc now owns 39,265,817 shares of the pipeline company's stock valued at $1,737,602,000 after acquiring an additional 513,058 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Enbridge by 13.9% in the fourth quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock valued at $1,541,745,000 after acquiring an additional 4,426,684 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Enbridge by 1.7% in the fourth quarter. Mackenzie Financial Corp now owns 18,880,985 shares of the pipeline company's stock valued at $800,507,000 after acquiring an additional 319,435 shares in the last quarter. Scotia Capital Inc. raised its holdings in shares of Enbridge by 1.4% in the fourth quarter. Scotia Capital Inc. now owns 14,500,982 shares of the pipeline company's stock valued at $614,763,000 after acquiring an additional 193,463 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Enbridge by 30.5% in the fourth quarter. Geode Capital Management LLC now owns 13,217,112 shares of the pipeline company's stock valued at $571,389,000 after acquiring an additional 3,091,442 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Performance

ENB opened at $44.65 on Tuesday. Enbridge Inc has a 52-week low of $36.50 and a 52-week high of $47.44. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 1.51. The company has a market cap of $97.35 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 4.19 and a beta of 0.79. The firm's 50-day moving average price is $45.41 and its 200-day moving average price is $44.52.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data 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 net margin of 10.16% and a return on equity of 10.41%. The firm had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. As a group, equities analysts anticipate that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ENB shares. Wall Street Zen upgraded Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. National Bankshares reiterated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a report on Monday, May 12th. Citigroup started coverage on shares of Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

About Enbridge

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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