Enbridge Inc $ENB Stock Position Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,121,715 shares of the pipeline company’s stock after buying an additional 41,601 shares during the quarter. Exchange Traded Concepts LLC owned about 0.05% of Enbridge worth $53,652,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Tsfg LLC raised its position in Enbridge by 329.6% in the third quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 379 shares in the last quarter. Triumph Capital Management bought a new position in shares of Enbridge during the 3rd quarter valued at about $26,000. Highline Wealth Partners LLC boosted its position in shares of Enbridge by 73.1% during the 3rd quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 236 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of Enbridge in the 3rd quarter worth approximately $28,000. Finally, True Wealth Design LLC grew its stake in shares of Enbridge by 588.2% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Up 0.2%

NYSE:ENB opened at $54.59 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.63 and a quick ratio of 0.55. Enbridge Inc has a fifty-two week low of $39.73 and a fifty-two week high of $55.11. The stock’s 50-day moving average is $51.81 and its two-hundred day moving average is $49.22. The stock has a market cap of $119.13 billion, a PE ratio of 23.73 and a beta of 0.67.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $17.18 billion during the quarter, compared to analyst estimates of $9.10 billion. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. During the same period in the prior year, the firm earned $0.75 earnings per share. As a group, equities research analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ENB has been the subject of several recent research reports. TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings upgraded shares of Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a report on Tuesday, February 17th. Royal Bank Of Canada increased their price objective on Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average 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.