Mariner LLC Raises Stock Position in Enbridge Inc. (NYSE:ENB)

Mariner LLC increased its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,303 shares of the pipeline company’s stock after acquiring an additional 14,095 shares during the quarter. Mariner LLC’s holdings in Enbridge were worth $10,832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENB. Barclays PLC grew its holdings in Enbridge by 101.8% in the fourth quarter. Barclays PLC now owns 1,178,653 shares of the pipeline company’s stock worth $50,011,000 after purchasing an additional 594,633 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Enbridge during the 4th quarter valued at $240,000. Carson Advisory Inc. boosted its position in shares of Enbridge by 4.4% in the 4th quarter. Carson Advisory Inc. now owns 7,218 shares of the pipeline company’s stock worth $306,000 after purchasing an additional 306 shares in the last quarter. Bragg Financial Advisors Inc grew its stake in Enbridge by 17.3% during the 4th quarter. Bragg Financial Advisors Inc now owns 8,597 shares of the pipeline company’s stock worth $365,000 after buying an additional 1,271 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in Enbridge during the 4th quarter valued at about $709,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ENB has been the topic of a number of research analyst reports. CIBC restated an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. TD Securities began coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Royal Bank of Canada upped their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, Citigroup assumed coverage on shares of Enbridge in a report on Friday, April 4th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Enbridge Trading Up 1.7 %

Shares of NYSE:ENB opened at $45.32 on Friday. The business has a 50-day moving average price of $43.15 and a 200-day moving average price of $42.75. The stock has a market cap of $98.76 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 3.92 and a beta of 0.80. Enbridge Inc. has a 52-week low of $33.35 and a 52-week high of $46.12. 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 (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the business posted $0.64 EPS. Equities analysts predict that Enbridge Inc. will post 2.14 EPS for the current 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.