Avior Wealth Management LLC Purchases 525 Shares of Enbridge Inc. (NYSE:ENB)

Avior Wealth Management LLC boosted its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 50.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,558 shares of the pipeline company’s stock after buying an additional 525 shares during the quarter. Avior Wealth Management LLC’s holdings in Enbridge were worth $56,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quilter Plc bought a new stake in Enbridge in the 1st quarter valued at about $293,879,000. Coppell Advisory Solutions Corp. bought a new stake in Enbridge in the 4th quarter valued at about $25,000. Industrial Alliance Investment Management Inc. bought a new stake in Enbridge in the 4th quarter valued at about $25,000. Coppell Advisory Solutions LLC bought a new stake in Enbridge in the 2nd quarter valued at about $26,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Enbridge during the 1st quarter valued at about $27,000. 54.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ENB. Jefferies Financial Group began coverage on Enbridge in a report on Tuesday, February 27th. They set a “buy” rating for the company. Stifel Nicolaus began coverage on Enbridge in a report on Thursday, January 18th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.20.

Enbridge Stock Up 2.8 %

Shares of NYSE ENB opened at $34.86 on Friday. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $40.30. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $74.11 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 3.26 and a beta of 0.84. The business has a 50-day moving average of $35.04 and a 200-day moving average of $34.68.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 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 business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Sell-side analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

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.