Enbridge Inc. (NYSE:ENB) Stock Position Raised by Gold Investment Management Ltd.

Gold Investment Management Ltd. boosted its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.3% during the 4th quarter, HoldingsChannel reports. The firm owned 68,433 shares of the pipeline company’s stock after buying an additional 909 shares during the quarter. Enbridge accounts for 1.2% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 28th biggest holding. Gold Investment Management Ltd.’s holdings in Enbridge were worth $2,904,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Swiss National Bank grew its holdings in shares of Enbridge by 3.2% during the third quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company’s stock valued at $267,935,000 after buying an additional 207,200 shares in the last quarter. Metis Global Partners LLC grew its stake in Enbridge by 4.0% during the 4th quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company’s stock valued at $8,782,000 after acquiring an additional 7,986 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Enbridge by 70.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company’s stock valued at $52,648,000 after purchasing an additional 536,818 shares during the period. Aviso Financial Inc. lifted its position in shares of Enbridge by 4.3% in the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company’s stock worth $60,152,000 after purchasing an additional 58,176 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its holdings in shares of Enbridge by 32.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company’s stock worth $52,880,000 after purchasing an additional 319,907 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Up 0.7 %

ENB stock opened at $42.86 on Monday. The firm has a market cap of $93.38 billion, a PE ratio of 24.92, a PEG ratio of 3.92 and a beta of 0.95. Enbridge Inc. has a 1 year low of $32.85 and a 1 year high of $45.78. The company has a fifty day simple moving average of $43.45 and a 200 day simple moving average of $42.23. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The company had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Sell-side analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

ENB has been the subject of a number of research analyst reports. Royal Bank of Canada increased 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 reissued an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, TD Securities began coverage on Enbridge in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Enbridge Company 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.