Creekmur Asset Management LLC Grows Holdings in Enbridge Inc. (NYSE:ENB)

Creekmur Asset Management LLC increased its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,684 shares of the pipeline company’s stock after acquiring an additional 9,262 shares during the period. Enbridge makes up 0.6% of Creekmur Asset Management LLC’s investment portfolio, making the stock its 26th largest holding. Creekmur Asset Management LLC’s holdings in Enbridge were worth $2,532,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ENB. McIlrath & Eck LLC grew its holdings in shares of 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 buying an additional 295 shares during the last quarter. Albion Financial Group UT bought a new position in Enbridge in the 4th quarter valued at approximately $29,000. Wintrust Investments LLC boosted its stake in 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. Dixon Mitchell Investment Counsel Inc. boosted its stake in Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 580 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Enbridge in the fourth quarter worth $42,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Stock Performance

Shares of NYSE ENB opened at $44.58 on Wednesday. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $45.78. The firm has a market capitalization of $97.15 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $43.47 and a 200 day moving average of $42.56.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data 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. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. On average, research analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.

Analysts Set New Price Targets

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

Enbridge Company 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.