XTX Topco Ltd acquired a new position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,228 shares of the pipeline company's stock, valued at approximately $773,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in Enbridge in the third quarter worth approximately $106,000. Barclays PLC lifted its stake in shares of Enbridge by 8.3% during the 3rd quarter. Barclays PLC now owns 584,020 shares of the pipeline company's stock worth $23,717,000 after purchasing an additional 44,675 shares during the last quarter. McIlrath & Eck LLC boosted its position 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 purchasing an additional 295 shares in the last quarter. Passumpsic Savings Bank grew its stake in Enbridge by 2.4% in the third quarter. Passumpsic Savings Bank now owns 11,575 shares of the pipeline company's stock valued at $470,000 after purchasing an additional 276 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its position in shares of Enbridge by 0.5% during the third quarter. Anchor Investment Management LLC now owns 123,012 shares of the pipeline company's stock valued at $4,996,000 after buying an additional 581 shares during the last quarter. 54.60% of the stock is owned by institutional investors.
Analyst Ratings Changes
ENB has been the topic of several recent analyst reports. Citigroup started coverage on Enbridge in a research report on Friday, April 4th. They set a "buy" rating on the stock. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. TD Securities assumed coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $67.00.
Check Out Our Latest Stock Analysis on ENB
Enbridge Price Performance
Shares of Enbridge stock traded up $0.56 during mid-day trading on Tuesday, reaching $45.55. 404,744 shares of the stock traded hands, compared to its average volume of 4,346,889. 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 business has a 50-day moving average of $43.15 and a 200 day moving average of $42.83. The stock has a market capitalization of $99.26 billion, a PE ratio of 26.49, a PEG ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $46.12.
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. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $0.64 EPS. On average, analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.
Enbridge Profile
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Free Report)
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.
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