Capital Advisors Inc. OK Invests $5.50 Million in Enbridge Inc. (NYSE:ENB)

Capital Advisors Inc. OK acquired a new stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 152,726 shares of the pipeline company's stock, valued at approximately $5,501,000.

Other large investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. bought a new position in Enbridge during the 4th quarter valued at $25,000. Industrial Alliance Investment Management Inc. bought a new position in shares of Enbridge in the 4th quarter worth about $25,000. Baystate Wealth Management LLC lifted its position in shares of Enbridge by 836.4% in the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company's stock worth $26,000 after buying an additional 644 shares during the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of Enbridge in the 2nd quarter worth about $26,000. Finally, Tyler Stone Wealth Management bought a new position in shares of Enbridge in the 2nd quarter worth about $26,000. 54.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Enbridge Stock Performance

Shares of ENB stock traded down $0.37 during trading hours on Friday, reaching $34.18. The stock had a trading volume of 4,923,043 shares, compared to its average volume of 3,822,133. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $40.30. The firm has a 50-day simple moving average of $35.10 and a 200-day simple moving average of $34.66. The firm has a market capitalization of $72.67 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 3.21 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its 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). The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. As a group, equities analysts forecast that Enbridge Inc. will post 2.13 earnings per share for the current year.

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.