MH & Associates Securities Management Corp ADV Invests $3.07 Million in Enbridge Inc $ENB

Key Points

• MH & Associates Securities Management Corp ADV opened a new position in Enbridge, buying 64,228 shares in Q4 valued at about $3.07 million, which represents roughly 2.5% of its portfolio and is its 19th largest holding.
• Analyst sentiment is mixed but mildly positive: Enbridge has a consensus rating of "Moderate Buy" with an average target price of $65, while firms like RBC raised targets (to $76) and Wall Street Zen downgraded the stock to a sell.
• Key company metrics: Enbridge has a market cap of $118.9 billion, a P/E of 23.69, a 12‑month range of $39.80–$55.44, and reported Q4 EPS of $0.63, beating estimates of $0.60.

MH & Associates Securities Management Corp ADV purchased a new position in shares of Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,228 shares of the pipeline company's stock, valued at approximately $3,072,000. Enbridge comprises about 2.5% of MH & Associates Securities Management Corp ADV's portfolio, making the stock its 19th largest position.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new position in Enbridge in the 4th quarter worth approximately $261,000. AQR Capital Management LLC grew its holdings in Enbridge by 68.5% in the 1st quarter. AQR Capital Management LLC now owns 28,533 shares of the pipeline company's stock worth $1,264,000 after buying an additional 11,599 shares in the last quarter. Guggenheim Capital LLC grew its holdings in Enbridge by 5.8% in the 2nd quarter. Guggenheim Capital LLC now owns 27,985 shares of the pipeline company's stock worth $1,268,000 after buying an additional 1,535 shares in the last quarter. Ossiam grew its holdings in Enbridge by 415.1% in the 2nd quarter. Ossiam now owns 18,539 shares of the pipeline company's stock worth $839,000 after buying an additional 14,940 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA grew its holdings in Enbridge by 13.9% in the 2nd quarter. Lombard Odier Asset Management Switzerland SA now owns 58,463 shares of the pipeline company's stock worth $2,653,000 after buying an additional 7,127 shares in the last quarter. Institutional investors own 54.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ENB shares. Wall Street Zen lowered Enbridge from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Scotiabank reiterated an "outperform" rating on shares of Enbridge in a research report on Tuesday, February 17th. Royal Bank Of Canada increased their target price on shares of Enbridge from $72.00 to $76.00 and gave the company an "outperform" rating in a research report on Tuesday, February 17th. Zacks Research upgraded shares of Enbridge from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. Finally, Weiss Ratings upgraded shares of Enbridge from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 9th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Enbridge presently has a consensus rating of "Moderate Buy" and an average target price of $65.00.

Enbridge Stock Performance

NYSE:ENB opened at $54.48 on Thursday. Enbridge Inc has a twelve month low of $39.80 and a twelve month high of $55.44. 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 company has a 50-day moving average of $52.83 and a 200-day moving average of $49.51. The firm has a market cap of $118.89 billion, a price-to-earnings ratio of 23.69 and a beta of 0.63.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The company had revenue of $17.18 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the firm posted $0.75 EPS. Analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal 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.

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