Enbridge Inc. (NYSE:ENB) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,348 shares of the pipeline company’s stock after purchasing an additional 1,053 shares during the quarter. TD Private Client Wealth LLC’s holdings in Enbridge were worth $4,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ENB. Natixis Advisors LLC increased its stake in shares of Enbridge by 39.6% in the third quarter. Natixis Advisors LLC now owns 193,042 shares of the pipeline company’s stock valued at $7,839,000 after purchasing an additional 54,737 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Enbridge by 23.4% in the third quarter. Thrivent Financial for Lutherans now owns 46,685 shares of the pipeline company’s stock valued at $1,895,000 after acquiring an additional 8,848 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Enbridge by 5.5% in the third quarter. Prospera Financial Services Inc now owns 32,513 shares of the pipeline company’s stock valued at $1,321,000 after acquiring an additional 1,703 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Enbridge by 17.9% in the third quarter. Banque Cantonale Vaudoise now owns 7,899 shares of the pipeline company’s stock valued at $321,000 after acquiring an additional 1,202 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Enbridge by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 394,264 shares of the pipeline company’s stock valued at $16,011,000 after acquiring an additional 10,223 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Down 0.8 %

Shares of NYSE:ENB opened at $43.89 on Friday. The stock has a market capitalization of $95.63 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.92 and a beta of 0.95. Enbridge Inc. has a 1-year low of $32.86 and a 1-year high of $45.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The company has a 50 day moving average price of $43.46 and a 200 day moving average price of $42.33.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period last year, the firm posted $0.64 earnings per share. On average, research analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Royal Bank of Canada increased 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. Finally, CIBC reiterated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

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.