Enbridge Inc. (NYSE:ENB) Stock Position Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,455,349 shares of the pipeline company's stock after purchasing an additional 43,930 shares during the quarter. Enbridge makes up about 2.5% of TD Waterhouse Canada Inc.'s investment portfolio, making the stock its 5th largest holding. TD Waterhouse Canada Inc. owned approximately 0.34% of Enbridge worth $315,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC raised its holdings in Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after acquiring an additional 295 shares during the period. Albion Financial Group UT purchased a new stake in Enbridge in the 4th quarter worth $29,000. Wintrust Investments LLC boosted its holdings in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. GeoWealth Management LLC grew its position in shares of Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 611 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. lifted its position in shares of Enbridge by 149.9% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock worth $41,000 after buying an additional 580 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Trading Down 0.5 %

ENB traded down $0.23 during trading hours on Friday, reaching $46.13. 2,101,848 shares of the company's stock traded hands, compared to its average volume of 4,277,254. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average price of $43.27 and a 200 day moving average price of $42.91. Enbridge Inc. has a 52-week low of $34.60 and a 52-week high of $46.44. The firm has a market capitalization of $100.53 billion, a PE ratio of 26.83, a PEG ratio of 3.92 and a beta of 0.80.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The company had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter last year, the business posted $0.64 EPS. As a group, sell-side analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Securities began coverage on Enbridge in a report on Wednesday, January 15th. They set a "buy" rating for the company. Royal Bank of Canada boosted their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Citigroup started coverage on Enbridge in a report on Friday, April 4th. They issued a "buy" rating for the company. Finally, CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Enbridge currently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

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.