Nikulski Financial Inc. Has $726,000 Holdings in Enbridge Inc $ENB

Nikulski Financial Inc. raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 276.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,185 shares of the pipeline company’s stock after buying an additional 11,150 shares during the period. Nikulski Financial Inc.’s holdings in Enbridge were worth $726,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Westwood Holdings Group Inc. boosted its position in Enbridge by 83.1% during the second quarter. Westwood Holdings Group Inc. now owns 2,301,067 shares of the pipeline company’s stock worth $104,284,000 after purchasing an additional 1,044,093 shares during the period. Jones Financial Companies Lllp raised its position in shares of Enbridge by 15.3% in the third quarter. Jones Financial Companies Lllp now owns 1,676,947 shares of the pipeline company’s stock valued at $83,176,000 after purchasing an additional 221,976 shares during the period. Trajan Wealth LLC raised its position in shares of Enbridge by 15.3% in the third quarter. Trajan Wealth LLC now owns 804,261 shares of the pipeline company’s stock valued at $40,583,000 after purchasing an additional 106,784 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Enbridge by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 339,147 shares of the pipeline company’s stock worth $17,113,000 after buying an additional 24,165 shares during the last quarter. Finally, Capital Advisors Inc. OK lifted its stake in shares of Enbridge by 5.7% during the 3rd quarter. Capital Advisors Inc. OK now owns 951,773 shares of the pipeline company’s stock worth $48,026,000 after buying an additional 51,645 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Trading Down 0.4%

ENB stock opened at $54.11 on Wednesday. Enbridge Inc has a 52 week low of $39.73 and a 52 week high of $55.44. The company has a market capitalization of $118.08 billion, a PE ratio of 23.53 and a beta of 0.67. The company’s 50-day simple moving average is $52.08 and its 200 day simple moving average is $49.31. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.55 and a current ratio of 0.63.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $17.18 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, sell-side analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Enbridge in a research note on Thursday, February 19th. Royal Bank Of Canada raised their price objective on shares of Enbridge from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. cut Enbridge from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 27th. Zacks Research raised Enbridge from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a research note on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.