Crewe Advisors LLC Takes $84,000 Position in Enbridge Inc. (NYSE:ENB)

Crewe Advisors LLC bought a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,334 shares of the pipeline company’s stock, valued at approximately $84,000.

Other large investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. purchased a new position in Enbridge during the fourth quarter worth about $25,000. Baystate Wealth Management LLC increased its stake in Enbridge by 836.4% during the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Enbridge during the fourth quarter worth about $28,000. Ameritas Investment Partners Inc. acquired a new stake in Enbridge during the first quarter worth about $29,000. Finally, Richardson Financial Services Inc. acquired a new stake in Enbridge during the first quarter worth about $31,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Trading Up 0.4 %

NYSE:ENB traded up $0.13 on Friday, hitting $36.46. 532,031 shares of the stock were exchanged, compared to its average volume of 5,450,496. The company has a current ratio of 0.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35. Enbridge Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $38.37. The stock has a market cap of $79.39 billion, a PE ratio of 18.44, a PEG ratio of 3.45 and a beta of 0.92. The stock has a fifty day moving average of $35.83 and a 200-day moving average of $35.63.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 10th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. The business had revenue of $8.19 billion during the quarter, compared to analyst estimates of $9 billion. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. As a group, equities analysts expect that Enbridge Inc. will post 2.12 earnings per share for the current fiscal 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.