Lake Street Advisors Group LLC Invests $1.95 Million in Enbridge Inc. (NYSE:ENB)

Lake Street Advisors Group LLC acquired a new stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) in the first quarter, HoldingsChannel reports. The fund acquired 53,981 shares of the pipeline company’s stock, valued at approximately $1,953,000.

A number of other institutional investors have also recently bought and sold shares of ENB. Sei Investments Co. raised its stake in shares of Enbridge by 6.1% during the 1st quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company’s stock worth $9,922,000 after purchasing an additional 15,650 shares in the last quarter. S.E.E.D. Planning Group LLC increased its holdings in Enbridge by 81.1% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock worth $8,272,000 after buying an additional 102,850 shares during the last quarter. Clarius Group LLC raised its position in Enbridge by 25.2% during the fourth quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock valued at $289,000 after acquiring an additional 1,617 shares in the last quarter. Private Trust Co. NA lifted its stake in Enbridge by 5.7% in the fourth quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock valued at $318,000 after acquiring an additional 473 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Enbridge by 323.4% in the fourth quarter. International Assets Investment Management LLC now owns 665,413 shares of the pipeline company’s stock worth $239,680,000 after acquiring an additional 508,258 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Up 0.3 %

Shares of ENB traded up $0.12 during mid-day trading on Wednesday, hitting $36.58. 3,601,990 shares of the company’s stock were exchanged, compared to its average volume of 5,498,951. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $38.37. The firm has a fifty day moving average of $35.84 and a two-hundred day moving average of $35.63. The stock has a market cap of $79.65 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 3.43 and a beta of 0.92.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.59 by $0.09. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. The firm had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $9 billion. On average, sell-side analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Enbridge Company 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.