Dupree Financial Group LLC Purchases Shares of 500,989 Enbridge Inc. (NYSE:ENB)

Dupree Financial Group LLC purchased a new position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 500,989 shares of the pipeline company's stock, valued at approximately $18,046,000. Enbridge makes up approximately 8.8% of Dupree Financial Group LLC's portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ENB. American Century Companies Inc. lifted its holdings in shares of Enbridge by 6.9% in the first quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company's stock valued at $2,262,000 after purchasing an additional 3,178 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Enbridge by 47.5% in the first quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company's stock valued at $73,081,000 after purchasing an additional 510,865 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Enbridge by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company's stock valued at $75,955,000 after purchasing an additional 112,553 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Enbridge by 3.4% in the first quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company's stock valued at $6,897,000 after purchasing an additional 4,883 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Enbridge by 0.3% in the first quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company's stock valued at $14,600,000 after purchasing an additional 968 shares in the last quarter. Institutional investors own 54.60% of the company's stock.

Enbridge Stock Performance

Shares of ENB traded up $0.96 on Friday, reaching $34.86. 10,628,125 shares of the company's stock traded hands, compared to its average volume of 4,581,756. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30. The stock's 50 day simple moving average is $35.04 and its two-hundred day simple moving average is $34.71. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $40.30. The stock has a market cap of $74.11 billion, a PE ratio of 16.60, a PEG ratio of 3.26 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $9.62 billion. On average, analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

ENB has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on Enbridge in a report on Tuesday, February 27th. They issued a "buy" rating on the stock. Stifel Nicolaus initiated coverage on Enbridge in a research report on Thursday, January 18th. They set a "hold" rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.