Brookstone Capital Management Has $3.51 Million Stake in Enbridge Inc $ENB

Brookstone Capital Management lifted its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 43.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,316 shares of the pipeline company’s stock after purchasing an additional 22,137 shares during the quarter. Brookstone Capital Management’s holdings in Enbridge were worth $3,507,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. apricus wealth LLC grew its position in shares of Enbridge by 11.2% in the 4th quarter. apricus wealth LLC now owns 26,900 shares of the pipeline company’s stock valued at $1,287,000 after purchasing an additional 2,715 shares during the period. J. Safra Sarasin Holding AG increased its stake in Enbridge by 11.1% during the 4th quarter. J. Safra Sarasin Holding AG now owns 14,500 shares of the pipeline company’s stock worth $694,000 after purchasing an additional 1,446 shares in the last quarter. Wealth Quarterback LLC raised its holdings in Enbridge by 20.0% during the 4th quarter. Wealth Quarterback LLC now owns 23,792 shares of the pipeline company’s stock worth $1,138,000 after buying an additional 3,966 shares during the period. Columbus Macro LLC raised its holdings in Enbridge by 7.5% during the 4th quarter. Columbus Macro LLC now owns 331,453 shares of the pipeline company’s stock worth $15,873,000 after buying an additional 23,043 shares during the period. Finally, Private Advisory Group LLC bought a new position in Enbridge in the fourth quarter valued at approximately $238,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.9%

NYSE ENB opened at $53.67 on Thursday. Enbridge Inc has a 52 week low of $39.73 and a 52 week high of $55.44. 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 stock’s 50 day moving average price is $52.21 and its two-hundred day moving average price is $49.34. The stock has a market capitalization of $117.12 billion, a price-to-earnings ratio of 23.33 and a beta of 0.63.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly 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. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The company had revenue of $17.18 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the business earned $0.75 EPS. As a group, analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ENB. Royal Bank Of Canada upped their price target on shares of Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Zacks Research raised shares of Enbridge from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered shares of Enbridge from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 27th. Finally, Citigroup reiterated a “buy” rating on shares of Enbridge in a report on Thursday, February 19th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.00.

Enbridge Company Profile

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.