Amundi Purchases 389,419 Shares of Enbridge Inc. (NYSE:ENB)

Amundi lifted its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,639,604 shares of the pipeline company’s stock after acquiring an additional 389,419 shares during the period. Amundi’s holdings in Enbridge were worth $424,335,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. McIlrath & Eck LLC grew its stake in shares of 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 buying an additional 295 shares during the last quarter. Albion Financial Group UT purchased a new stake in shares of Enbridge in the 4th quarter worth approximately $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Enbridge in the 3rd quarter worth approximately $37,000. Dixon Mitchell Investment Counsel Inc. grew its stake in shares of 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 buying an additional 580 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Enbridge in the 4th quarter worth approximately $42,000. Institutional investors own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ENB has been the topic of several recent research reports. Royal Bank of Canada upped their price target on Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. TD Securities assumed coverage on Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enbridge currently has a consensus rating of “Hold” and a consensus price target of $67.00.

Enbridge Stock Performance

Shares of ENB opened at $42.00 on Friday. The business’s fifty day simple moving average is $43.45 and its two-hundred day simple moving average is $42.10. 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 Inc. has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a market cap of $91.51 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB) (TSE:ENB) last issued 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. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period last year, the business posted $0.64 EPS. Research analysts anticipate that Enbridge Inc. will post 2.14 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.