HPM Partners LLC lifted its holdings in shares of Enbridge (NYSE:ENB) (TSE:ENB) by 60.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,149 shares of the pipeline company’s stock after buying an additional 3,835 shares during the quarter. HPM Partners LLC’s holdings in Enbridge were worth $397,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ENB. NEXT Financial Group Inc raised its position in Enbridge by 53.6% during the third quarter. NEXT Financial Group Inc now owns 4,196 shares of the pipeline company’s stock worth $174,000 after acquiring an additional 1,465 shares in the last quarter. First Allied Advisory Services Inc. increased its holdings in shares of Enbridge by 4.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 33,971 shares of the pipeline company’s stock valued at $1,330,000 after purchasing an additional 1,543 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Enbridge by 0.3% in the fourth quarter. Brown Advisory Inc. now owns 580,268 shares of the pipeline company’s stock valued at $22,694,000 after purchasing an additional 1,555 shares during the last quarter. Assetmark Inc. grew its stake in shares of Enbridge by 37.9% in the fourth quarter. Assetmark Inc. now owns 5,719 shares of the pipeline company’s stock valued at $224,000 after acquiring an additional 1,573 shares in the last quarter. Finally, Strategic Financial Services Inc grew its stake in shares of Enbridge by 1.9% in the fourth quarter. Strategic Financial Services Inc now owns 88,483 shares of the pipeline company’s stock valued at $3,461,000 after acquiring an additional 1,636 shares in the last quarter. Hedge funds and other institutional investors own 63.22% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of Enbridge from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, March 23rd. Mizuho started coverage on shares of Enbridge in a report on Thursday, March 29th. They issued a “neutral” rating for the company. Bank of America began coverage on shares of Enbridge in a report on Tuesday, January 9th. They issued a “neutral” rating for the company. ValuEngine lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research downgraded shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Enbridge currently has a consensus rating of “Hold” and a consensus price target of $43.67.
In other news, Director Michael E. J. Phelps sold 18,054 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $34.00, for a total transaction of $613,836.00. Following the completion of the transaction, the director now owns 56,245 shares of the company’s stock, valued at $1,912,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert R. Rooney acquired 6,100 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were acquired at an average cost of $40.80 per share, with a total value of $248,880.00. The disclosure for this purchase can be found here.
Shares of NYSE:ENB opened at $31.23 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Enbridge has a 1-year low of $29.54 and a 1-year high of $42.92. The firm has a market cap of $52,364.42, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.96 and a beta of 0.63.
Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, February 16th. The pipeline company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.39 billion. Enbridge had a return on equity of 5.47% and a net margin of 6.56%. sell-side analysts forecast that Enbridge will post 1.75 earnings per share for the current year.
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Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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