Border to Coast Pensions Partnership Ltd Purchases 15,000 Shares of Enbridge Inc $ENB

Border to Coast Pensions Partnership Ltd raised its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,115,000 shares of the pipeline company’s stock after buying an additional 15,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned about 0.05% of Enbridge worth $53,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blue Fin Capital Inc. raised its position in shares of Enbridge by 1.3% in the fourth quarter. Blue Fin Capital Inc. now owns 16,028 shares of the pipeline company’s stock valued at $767,000 after purchasing an additional 213 shares during the period. IHT Wealth Management LLC grew its stake in Enbridge by 1.2% in the 2nd quarter. IHT Wealth Management LLC now owns 18,084 shares of the pipeline company’s stock valued at $820,000 after buying an additional 213 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in Enbridge by 1.8% in the 3rd quarter. HBK Sorce Advisory LLC now owns 12,424 shares of the pipeline company’s stock valued at $609,000 after buying an additional 215 shares in the last quarter. Copperleaf Capital LLC grew its stake in Enbridge by 3.6% in the 3rd quarter. Copperleaf Capital LLC now owns 6,328 shares of the pipeline company’s stock valued at $319,000 after buying an additional 217 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Enbridge by 2.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 7,824 shares of the pipeline company’s stock valued at $395,000 after buying an additional 221 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Down 0.7%

ENB opened at $52.64 on Thursday. The company has a fifty day moving average price of $53.27 and a 200-day moving average price of $49.65. The firm has a market capitalization of $114.94 billion, a P/E ratio of 22.89 and a beta of 0.63. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.63 and a quick ratio of 0.55. Enbridge Inc has a one year low of $43.59 and a one year high of $55.44.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $17.18 billion during the quarter, compared to analyst estimates of $9.10 billion. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. During the same period in the previous year, the business earned $0.75 EPS. Equities research analysts expect that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Scotiabank reiterated an “outperform” rating on shares of Enbridge in a research note on Tuesday, February 17th. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research note on Tuesday, February 17th. Zacks Research upgraded shares of Enbridge from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.