Northwest & Ethical Investments L.P. Has $35.74 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

Northwest & Ethical Investments L.P. boosted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 843,563 shares of the pipeline company’s stock after purchasing an additional 5,280 shares during the period. Enbridge accounts for about 1.0% of Northwest & Ethical Investments L.P.’s investment portfolio, making the stock its 14th biggest holding. Northwest & Ethical Investments L.P.’s holdings in Enbridge were worth $35,739,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Metis Global Partners LLC lifted its position in shares of Enbridge by 4.0% in the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company’s stock valued at $8,782,000 after buying an additional 7,986 shares during the last quarter. Aviso Financial Inc. lifted its position in shares of Enbridge by 4.3% in the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company’s stock valued at $60,152,000 after buying an additional 58,176 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Enbridge by 70.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company’s stock valued at $52,648,000 after buying an additional 536,818 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of Enbridge by 32.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company’s stock valued at $52,880,000 after buying an additional 319,907 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Enbridge by 8.6% in the fourth quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company’s stock valued at $26,808,000 after buying an additional 49,800 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Performance

NYSE:ENB opened at $43.73 on Thursday. The stock has a market cap of $95.28 billion, a P/E ratio of 25.42, a PEG ratio of 3.92 and a beta of 0.95. The stock has a 50 day simple moving average of $43.45 and a 200 day simple moving average of $42.30. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 1-year low of $32.86 and a 1-year high of $45.78.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping 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 analyst estimates of $4.78 billion. During the same quarter last year, the company earned $0.64 EPS. Research analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ENB shares. Royal Bank of Canada raised 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. TD Securities initiated coverage on Enbridge in a report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, CIBC reissued an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.