Prime Capital Investment Advisors LLC Acquires 1,347 Shares of Enbridge Inc. (NYSE:ENB)

Prime Capital Investment Advisors LLC grew its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 22.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,406 shares of the pipeline company’s stock after acquiring an additional 1,347 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Enbridge were worth $267,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. SVB Wealth LLC grew its position in Enbridge by 3.1% in the first quarter. SVB Wealth LLC now owns 9,781 shares of the pipeline company’s stock worth $373,000 after acquiring an additional 297 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Enbridge by 24.6% during the 4th quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock worth $55,000 after buying an additional 300 shares during the period. Independence Bank of Kentucky boosted its holdings in shares of Enbridge by 25.3% during the 3rd quarter. Independence Bank of Kentucky now owns 1,681 shares of the pipeline company’s stock worth $56,000 after buying an additional 339 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in shares of Enbridge by 5.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,057 shares of the pipeline company’s stock worth $234,000 after buying an additional 341 shares during the period. Finally, Marino Stram & Associates LLC boosted its holdings in shares of Enbridge by 1.6% during the 3rd quarter. Marino Stram & Associates LLC now owns 21,685 shares of the pipeline company’s stock worth $720,000 after buying an additional 344 shares during the period. 54.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Enbridge in a report on Tuesday, February 27th. They set a “buy” rating for the company. Stifel Nicolaus initiated coverage on shares of Enbridge in a report on Thursday, January 18th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Enbridge currently has a consensus rating of “Hold” and an average price target of $55.20.

Enbridge Price Performance

Shares of Enbridge stock opened at $34.18 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. Enbridge Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $40.30. The firm has a fifty day moving average price of $35.10 and a two-hundred day moving average price of $34.65. The company has a market cap of $72.66 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 3.25 and a beta of 0.84.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. Analysts expect that Enbridge Inc. will post 2.13 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.