Dimensional Fund Advisors LP Has $151.73 Million Stock Position in Enbridge Inc $ENB

Dimensional Fund Advisors LP boosted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,007,163 shares of the pipeline company’s stock after buying an additional 89,440 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.14% of Enbridge worth $151,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IHT Wealth Management LLC raised its stake in Enbridge by 1.2% during the second quarter. IHT Wealth Management LLC now owns 18,084 shares of the pipeline company’s stock worth $820,000 after acquiring an additional 213 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of 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 purchasing an additional 215 shares in the last quarter. Copperleaf Capital LLC boosted its stake in shares of 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 purchasing an additional 217 shares in the last quarter. South Plains Financial Inc. grew its holdings in shares of Enbridge by 13.2% during the 2nd quarter. South Plains Financial Inc. now owns 1,887 shares of the pipeline company’s stock valued at $85,000 after purchasing an additional 220 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of Enbridge by 2.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 7,824 shares of the pipeline company’s stock valued at $395,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ENB shares. Citigroup reissued a “buy” rating on shares of Enbridge in a research note on Thursday, February 19th. TD Securities cut 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 report on Tuesday, February 17th. Royal Bank Of Canada increased their price target on Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, Raymond James Financial raised Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Enbridge has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Enbridge Trading Down 0.4%

ENB opened at $53.72 on Wednesday. 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 fifty-two week low of $39.73 and a fifty-two week high of $54.42. The company’s 50 day moving average price is $49.86 and its two-hundred day moving average price is $48.69. The firm has a market capitalization of $117.20 billion, a price-to-earnings ratio of 23.35 and a beta of 0.67.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm 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 last year, the firm earned $0.75 earnings per share. As a group, research analysts predict that Enbridge Inc will post 2.14 earnings per share for the current year.

Enbridge 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.