Enbridge Inc. (NYSE:ENB) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,582,621 shares of the pipeline company's stock after purchasing an additional 106,617 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.12% of Enbridge worth $93,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Enbridge by 98.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company's stock valued at $54,578,000 after buying an additional 815,850 shares during the period. Vanguard Group Inc. increased its stake in shares of Enbridge by 5.7% during the third quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company's stock valued at $2,704,715,000 after buying an additional 4,400,848 shares during the period. Monashee Investment Management LLC purchased a new position in shares of Enbridge during the third quarter valued at $4,252,000. CIBC Asset Management Inc increased its stake in shares of Enbridge by 3.6% during the second quarter. CIBC Asset Management Inc now owns 18,616,583 shares of the pipeline company's stock valued at $692,463,000 after buying an additional 652,769 shares during the period. Finally, National Bank of Canada FI increased its stake in shares of Enbridge by 6.1% during the third quarter. National Bank of Canada FI now owns 18,189,412 shares of the pipeline company's stock valued at $581,882,000 after buying an additional 1,041,308 shares during the period. 54.60% of the stock is currently owned by institutional investors.

Enbridge Stock Performance

Enbridge stock traded down $0.29 during mid-day trading on Friday, hitting $35.35. The company had a trading volume of 3,220,739 shares, compared to its average volume of 3,699,075. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $40.30. The company's fifty day moving average is $35.20 and its 200-day moving average is $34.64. The company has a market capitalization of $75.15 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 3.35 and a beta of 0.84.

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

Analyst Ratings Changes

A number of brokerages have commented on ENB. Stifel Nicolaus began coverage on shares of Enbridge in a report on Thursday, January 18th. They issued a "hold" rating for the company. Jefferies Financial Group began coverage on shares of Enbridge in a report on Tuesday, February 27th. They issued a "buy" rating for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $55.20.

Enbridge Profile

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.