Hardin Capital Partners LLC Buys 3,289 Shares of Enbridge Inc. (NYSE:ENB)

Hardin Capital Partners LLC lifted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 54.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,301 shares of the pipeline company’s stock after purchasing an additional 3,289 shares during the period. Hardin Capital Partners LLC’s holdings in Enbridge were worth $395,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. McIlrath & Eck LLC lifted its stake in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 295 shares during the last quarter. Albion Financial Group UT bought a new stake in shares of Enbridge in the 4th quarter valued at about $29,000. Wintrust Investments LLC raised its holdings in shares of 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 purchasing an additional 238 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its stake 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 purchasing an additional 580 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in Enbridge during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Analyst Ratings Changes

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

Enbridge Price Performance

ENB stock opened at $44.44 on Wednesday. The company’s 50-day moving average price is $43.48 and its two-hundred day moving average price is $42.42. The firm has a market cap of $96.84 billion, a P/E ratio of 25.84, a P/E/G 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 12 month low of $32.86 and a 12 month high of $45.78.

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, beating analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the business posted $0.64 EPS. On average, analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal 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.