Enbridge Inc. (NYSE:ENB) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 54.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,650 shares of the pipeline company’s stock after acquiring an additional 931 shares during the period. Lindbrook Capital LLC’s holdings in Enbridge were worth $95,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ENB. Arkadios Wealth Advisors raised its position in Enbridge by 26.2% during the third quarter. Arkadios Wealth Advisors now owns 7,381 shares of the pipeline company’s stock worth $246,000 after acquiring an additional 1,534 shares during the period. Caprock Group LLC grew its holdings in shares of Enbridge by 25.2% during the third quarter. Caprock Group LLC now owns 22,323 shares of the pipeline company’s stock worth $742,000 after buying an additional 4,497 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in shares of Enbridge by 3.6% during the third quarter. Hennessy Advisors Inc. now owns 669,565 shares of the pipeline company’s stock worth $22,223,000 after buying an additional 23,000 shares in the last quarter. Blue Fin Capital Inc. grew its holdings in shares of Enbridge by 7.5% during the third quarter. Blue Fin Capital Inc. now owns 10,075 shares of the pipeline company’s stock worth $334,000 after buying an additional 702 shares in the last quarter. Finally, Verity & Verity LLC grew its holdings in shares of Enbridge by 6.3% during the third quarter. Verity & Verity LLC now owns 461,115 shares of the pipeline company’s stock worth $14,839,000 after buying an additional 27,473 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Enbridge Trading Up 0.7 %

NYSE ENB opened at $35.67 on Thursday. The stock has a market capitalization of $75.83 billion, a P/E ratio of 16.99, a PEG ratio of 3.32 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 debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The firm’s 50-day moving average is $35.12 and its two-hundred day moving average is $34.77.

Enbridge (NYSE:ENB) (TSE:ENB) last issued 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). The business had revenue of $8.37 billion for 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, sell-side analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current 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.