Clear Trail Advisors LLC Makes New $1.75 Million Investment in Enbridge Inc $ENB

Clear Trail Advisors LLC acquired a new stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 36,574 shares of the pipeline company’s stock, valued at approximately $1,749,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westwood Holdings Group Inc. raised its holdings in Enbridge by 83.1% during the second quarter. Westwood Holdings Group Inc. now owns 2,301,067 shares of the pipeline company’s stock worth $104,284,000 after purchasing an additional 1,044,093 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Enbridge by 15.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,676,947 shares of the pipeline company’s stock valued at $83,176,000 after buying an additional 221,976 shares in the last quarter. Trajan Wealth LLC grew its position in shares of Enbridge by 15.3% in the 3rd quarter. Trajan Wealth LLC now owns 804,261 shares of the pipeline company’s stock valued at $40,583,000 after buying an additional 106,784 shares during the last quarter. Principal Financial Group Inc. raised its stake in Enbridge by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 339,147 shares of the pipeline company’s stock worth $17,113,000 after acquiring an additional 24,165 shares in the last quarter. Finally, Capital Advisors Inc. OK raised its stake in Enbridge by 5.7% during the 3rd quarter. Capital Advisors Inc. OK now owns 951,773 shares of the pipeline company’s stock worth $48,026,000 after acquiring an additional 51,645 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Up 1.4%

NYSE ENB opened at $54.19 on Tuesday. The firm’s fifty day moving average is $51.19 and its two-hundred day moving average is $49.06. Enbridge Inc has a one year low of $39.73 and a one year high of $54.70. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.55 and a current ratio of 0.63. The firm has a market cap of $118.24 billion, a PE ratio of 23.56 and a beta of 0.67.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $17.18 billion during the quarter, compared to the consensus estimate of $9.10 billion. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Analysts expect that Enbridge Inc will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ENB. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a research note on Tuesday, February 17th. JPMorgan Chase & Co. cut Enbridge from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 27th. Weiss Ratings raised Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Scotiabank reissued an “outperform” rating on shares of Enbridge in a research report on Tuesday, February 17th. Finally, Raymond James Financial raised Enbridge to a “moderate buy” rating in a research report on Tuesday, February 17th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Enbridge presently has an average rating of “Moderate Buy” and an average target price of $65.00.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.