Enbridge Inc. (NYSE:ENB) Shares Acquired by HUB Investment Partners LLC

HUB Investment Partners LLC boosted its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2,621.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,992 shares of the pipeline company’s stock after purchasing an additional 161,819 shares during the period. HUB Investment Partners LLC’s holdings in Enbridge were worth $7,128,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ENB. McIlrath & Eck LLC increased its holdings in Enbridge by 74.9% in the 3rd 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. Albion Financial Group UT purchased a new position in Enbridge in the 4th quarter valued at about $29,000. Wintrust Investments LLC boosted its position in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after buying an additional 238 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Enbridge in the 3rd quarter valued at about $37,000. Finally, Dixon Mitchell Investment Counsel Inc. boosted its position in Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after buying an additional 580 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ENB. CIBC reissued an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank of Canada upped their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, TD Securities began coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Enbridge Price Performance

NYSE ENB opened at $43.73 on Thursday. Enbridge Inc. has a 12 month low of $32.86 and a 12 month high of $45.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The firm has a market capitalization of $95.28 billion, a PE ratio of 25.42, a P/E/G ratio of 3.92 and a beta of 0.95. The company’s 50 day simple moving average is $43.45 and its 200 day simple moving average is $42.30.

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. As a group, equities research analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

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.