Third View Private Wealth LLC Purchases Shares of 77,173 Enbridge Inc $ENB

Key Points

• Third View Private Wealth LLC purchased a new stake of 77,173 shares of Enbridge (NYSE:ENB) in Q4, valued at about $3.69 million.
• Enbridge beat Q4 expectations with EPS of $0.63 vs. $0.60 and reported revenue of $17.18 billion (vs. $9.10 billion expected), posting a net margin of 11.3% and ROE of 11.19%.
• Analysts are mixed but generally positive — MarketBeat lists a "Moderate Buy" consensus (seven Buys, six Holds) with an average target of $65.00, and institutional investors own roughly 54.6% of the stock.

Third View Private Wealth LLC purchased a new stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 77,173 shares of the pipeline company's stock, valued at approximately $3,691,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Tandem Capital Management Corp ADV increased its holdings in Enbridge by 18.4% in the 4th quarter. Tandem Capital Management Corp ADV now owns 12,253 shares of the pipeline company's stock valued at $586,000 after acquiring an additional 1,900 shares during the last quarter. Tectonic Advisors LLC increased its holdings in Enbridge by 4.3% in the 4th quarter. Tectonic Advisors LLC now owns 326,189 shares of the pipeline company's stock valued at $15,602,000 after acquiring an additional 13,385 shares during the last quarter. Smith Moore & CO. increased its holdings in Enbridge by 7.3% in the 4th quarter. Smith Moore & CO. now owns 46,200 shares of the pipeline company's stock valued at $2,210,000 after acquiring an additional 3,130 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in Enbridge by 1.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 183,099 shares of the pipeline company's stock valued at $8,758,000 after acquiring an additional 1,848 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. grew its stake in shares of Enbridge by 1.9% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 13,415 shares of the pipeline company's stock worth $642,000 after buying an additional 250 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Performance

Shares of NYSE:ENB opened at $53.49 on Tuesday. Enbridge Inc has a 52 week low of $43.29 and a 52 week high of $55.44. The stock has a market capitalization of $116.79 billion, a P/E ratio of 23.26 and a beta of 0.63. The firm has a fifty day simple moving average of $53.15 and a two-hundred day simple moving average of $49.61. 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 (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The firm had revenue of $17.18 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the company earned $0.75 EPS. On average, analysts expect that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on ENB shares. Citigroup reissued a "buy" rating on shares of Enbridge in a research note on Thursday, February 19th. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research note on Tuesday, February 17th. Weiss Ratings raised shares of Enbridge from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 9th. TD Securities cut shares of Enbridge from a "buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Finally, Scotiabank reissued an "outperform" rating on shares of Enbridge in a research note on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $65.00.

About Enbridge

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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