NewEdge Advisors LLC Has $15.31 Million Holdings in Enbridge Inc. (NYSE:ENB)

NewEdge Advisors LLC lifted its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 18.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 360,892 shares of the pipeline company's stock after purchasing an additional 55,264 shares during the quarter. NewEdge Advisors LLC's holdings in Enbridge were worth $15,313,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. apricus wealth LLC increased its holdings in Enbridge by 1.1% in the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after buying an additional 220 shares during the period. Cornerstone Wealth Management LLC increased its stake in Enbridge by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after acquiring an additional 227 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in Enbridge by 3.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock valued at $319,000 after purchasing an additional 230 shares in the last quarter. Wintrust Investments LLC lifted its stake in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its holdings in shares of Enbridge by 10.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock worth $106,000 after buying an additional 240 shares in the last quarter. Institutional investors own 54.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada raised their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Citigroup started coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Trading Down 0.3 %

NYSE ENB traded down $0.14 on Monday, hitting $45.23. The company's stock had a trading volume of 708,769 shares, compared to its average volume of 4,351,771. The company's 50-day moving average is $43.15 and its 200 day moving average is $42.81. The firm has a market cap of $98.56 billion, a PE ratio of 26.30, a PEG ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a 1-year low of $34.60 and a 1-year high of $46.12. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company earned $0.64 EPS. As a group, analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

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.