Twin City Private Wealth LLC Acquires 2,786 Shares of Enbridge Inc. (NYSE:ENB)

Twin City Private Wealth LLC grew its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 5.1% in the 4th quarter, HoldingsChannel reports. The firm owned 56,970 shares of the pipeline company’s stock after buying an additional 2,786 shares during the quarter. Enbridge comprises approximately 2.1% of Twin City Private Wealth LLC’s holdings, making the stock its 11th largest holding. Twin City Private Wealth LLC’s holdings in Enbridge were worth $2,417,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. McIlrath & Eck LLC raised its holdings in shares of Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT bought a new stake in shares of Enbridge in the 4th quarter valued at about $29,000. Wintrust Investments LLC grew its position in shares of Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after buying an additional 238 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. grew its position in shares of Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after buying an additional 580 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Enbridge in the 4th quarter worth approximately $42,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.8 %

Shares of Enbridge stock opened at $43.89 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $45.78. The firm has a market capitalization of $95.63 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.92 and a beta of 0.95. The firm’s 50 day simple moving average is $43.46 and its two-hundred day simple moving average is $42.36.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business posted $0.64 EPS. Analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ENB. CIBC reaffirmed an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank of Canada lifted their price objective on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, TD Securities began coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.