Enbridge Inc. (NYSE:ENB) Shares Bought by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC boosted its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 81.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 229,663 shares of the pipeline company's stock after purchasing an additional 102,850 shares during the period. Enbridge accounts for approximately 3.3% of S.E.E.D. Planning Group LLC's portfolio, making the stock its 10th biggest position. S.E.E.D. Planning Group LLC's holdings in Enbridge were worth $8,272,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ENB. Coppell Advisory Solutions Corp. bought a new stake in shares of Enbridge in the 4th quarter valued at approximately $25,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Enbridge during the 4th quarter worth $25,000. Coppell Advisory Solutions LLC acquired a new position in shares of Enbridge during the 2nd quarter worth $26,000. Tyler Stone Wealth Management acquired a new stake in shares of Enbridge in the 2nd quarter valued at $26,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Enbridge during the first quarter worth $27,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Performance

Shares of NYSE ENB traded down $0.79 during mid-day trading on Wednesday, hitting $34.54. The company had a trading volume of 6,513,186 shares, compared to its average volume of 5,376,649. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $40.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The firm has a market cap of $73.42 billion, a P/E ratio of 16.45, a PEG ratio of 3.31 and a beta of 0.84. The business's 50-day simple moving average is $35.17 and its 200-day simple moving average is $34.65.

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

Wall Street Analyst Weigh In

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

Enbridge Company 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.