Enbridge Inc. (NYSE:ENB) Stock Holdings Lifted by Clarius Group LLC

Clarius Group LLC lifted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,031 shares of the pipeline company’s stock after acquiring an additional 1,617 shares during the quarter. Clarius Group LLC’s holdings in Enbridge were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ENB. Quilter Plc acquired a new position in shares of Enbridge in the 1st quarter valued at $293,879,000. Coppell Advisory Solutions Corp. purchased a new stake in Enbridge during the fourth quarter valued at about $25,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Enbridge in the fourth quarter worth about $25,000. Coppell Advisory Solutions LLC purchased a new position in shares of Enbridge in the second quarter worth approximately $26,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Enbridge in the first quarter worth approximately $27,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group began coverage on shares of Enbridge in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Stifel Nicolaus began coverage on Enbridge in a report on Thursday, January 18th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.20.

Enbridge Stock Down 1.1 %

ENB stock opened at $34.18 on Monday. The company has a 50 day moving average of $35.10 and a two-hundred day moving average of $34.66. The company has a market cap of $72.66 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 3.21 and a beta of 0.84. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $40.30. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30.

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