Cerity Partners LLC Increases Position in Enbridge Inc. (NYSE:ENB)

Cerity Partners LLC increased its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 41.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,744 shares of the pipeline company’s stock after purchasing an additional 39,079 shares during the quarter. Cerity Partners LLC’s holdings in Enbridge were worth $4,781,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Harbor Investment Advisory LLC increased its holdings in Enbridge by 5.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,623 shares of the pipeline company’s stock valued at $203,000 after acquiring an additional 280 shares in the last quarter. Applied Capital LLC FL purchased a new position in Enbridge during the 4th quarter valued at about $493,000. S.E.E.D. Planning Group LLC increased its holdings in Enbridge by 81.1% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock valued at $8,272,000 after acquiring an additional 102,850 shares in the last quarter. Value Partners Investments Inc. increased its holdings in Enbridge by 3.9% during the 4th quarter. Value Partners Investments Inc. now owns 47,722 shares of the pipeline company’s stock valued at $1,909,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Vivid Wealth Management LLC purchased a new position in Enbridge during the 4th quarter valued at about $822,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

Enbridge stock opened at $32.97 on Wednesday. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $40.30. The stock has a market capitalization of $70.09 billion, a P/E ratio of 15.70, a P/E/G ratio of 3.21 and a beta of 0.84. The firm’s 50-day moving average is $35.05 and its two-hundred day moving average is $34.66. 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 (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Equities analysts predict that Enbridge Inc. will post 2.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in 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 started coverage on shares of Enbridge in a report on Thursday, January 18th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Enbridge presently has an average rating of “Hold” and a consensus price target of $55.20.

Enbridge 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.