5,087 Shares in Enbridge Inc. (NYSE:ENB) Purchased by GWN Securities Inc.

GWN Securities Inc. acquired a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,087 shares of the pipeline company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ENB. McIlrath & Eck LLC grew its position in Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares during the last quarter. Albion Financial Group UT bought a new position in Enbridge in the 4th quarter worth about $29,000. Wintrust Investments LLC grew its position in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 238 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Enbridge in the 3rd quarter worth about $37,000. Finally, Dixon Mitchell Investment Counsel Inc. grew 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 worth $41,000 after purchasing an additional 580 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Up 1.5 %

ENB stock opened at $43.47 on Tuesday. Enbridge Inc. has a 12 month low of $32.86 and a 12 month high of $45.78. The firm has a market cap of $94.73 billion, a PE ratio of 25.28, a P/E/G ratio of 3.92 and a beta of 0.95. The firm has a 50 day simple moving average of $43.46 and a 200 day simple moving average of $42.26. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the business earned $0.64 earnings per share. Equities research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ENB has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. CIBC reiterated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Enbridge has an average rating of “Moderate Buy” and an average 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.