1,853 Shares in Enbridge Inc. (NYSE:ENB) Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. bought a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,853 shares of the pipeline company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McIlrath & Eck LLC grew its stake in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT acquired a new position in Enbridge during the 4th quarter worth $29,000. Wintrust Investments LLC grew its stake in Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 238 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 580 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in shares of Enbridge during the 4th quarter worth about $42,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. CIBC reaffirmed an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. TD Securities assumed coverage on Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Royal Bank of Canada upped their price objective on Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Enbridge Stock Down 0.8 %

Shares of NYSE ENB opened at $43.89 on Friday. The stock has a market cap of $95.63 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 52-week low of $32.86 and a 52-week high of $45.78. The business has a 50-day moving average price of $43.46 and a 200 day moving average price of $42.35.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating 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 return on equity of 10.16% and a net margin of 10.04%. During the same period in the prior year, the firm earned $0.64 EPS. Equities research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

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.