International Assets Investment Management LLC Raises Stake in Enbridge Inc. (NYSE:ENB)

International Assets Investment Management LLC grew its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 323.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 665,413 shares of the pipeline company's stock after acquiring an additional 508,258 shares during the quarter. International Assets Investment Management LLC's holdings in Enbridge were worth $239,680,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ENB. SVB Wealth LLC raised its stake in Enbridge by 3.1% during the 1st quarter. SVB Wealth LLC now owns 9,781 shares of the pipeline company's stock valued at $373,000 after buying an additional 297 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of Enbridge by 24.6% during the 4th quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company's stock valued at $55,000 after purchasing an additional 300 shares during the period. Independence Bank of Kentucky increased its position in shares of Enbridge by 25.3% during the 3rd quarter. Independence Bank of Kentucky now owns 1,681 shares of the pipeline company's stock valued at $56,000 after purchasing an additional 339 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of Enbridge by 5.1% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,057 shares of the pipeline company's stock worth $234,000 after purchasing an additional 341 shares during the period. Finally, Marino Stram & Associates LLC boosted its holdings in shares of Enbridge by 1.6% in the third quarter. Marino Stram & Associates LLC now owns 21,685 shares of the pipeline company's stock worth $720,000 after buying an additional 344 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

Enbridge Price Performance

Shares of Enbridge stock traded down $0.30 on Friday, hitting $35.34. 3,643,710 shares of the company traded hands, compared to its average volume of 5,423,229. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $40.30. The business has a 50-day simple moving average of $35.21 and a 200 day simple moving average of $34.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The stock has a market capitalization of $75.12 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 3.36 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $9.62 billion. Research analysts expect that Enbridge Inc. will post 2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ENB shares. Jefferies Financial Group initiated coverage on shares of Enbridge in a research report on Tuesday, February 27th. They set a "buy" rating for the company. Stifel Nicolaus initiated coverage on Enbridge in a research note on Thursday, January 18th. They set a "hold" rating for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $55.20.

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.