UniSuper Management Pty Ltd Has $1.09 Million Holdings in Enbridge Inc. (NYSE:ENB)

UniSuper Management Pty Ltd boosted its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 89.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the pipeline company’s stock after purchasing an additional 14,200 shares during the period. UniSuper Management Pty Ltd’s holdings in Enbridge were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in shares of Enbridge by 6.1% in the 1st quarter. Sei Investments Co. now owns 274,235 shares of the pipeline company’s stock valued at $9,922,000 after acquiring an additional 15,650 shares in the last quarter. S.E.E.D. Planning Group LLC increased its position in shares of Enbridge by 81.1% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock worth $8,272,000 after purchasing an additional 102,850 shares during the last quarter. Clarius Group LLC raised its stake in shares of Enbridge by 25.2% during the 4th quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock worth $289,000 after purchasing an additional 1,617 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Enbridge by 5.7% in the 4th quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock valued at $318,000 after buying an additional 473 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Enbridge by 323.4% in the fourth quarter. International Assets Investment Management LLC now owns 665,413 shares of the pipeline company’s stock valued at $239,680,000 after buying an additional 508,258 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Performance

NYSE ENB traded up $0.12 on Wednesday, hitting $36.58. 3,601,990 shares of the stock were exchanged, compared to its average volume of 5,498,951. The company has a market capitalization of $79.65 billion, a PE ratio of 18.56, a P/E/G ratio of 3.43 and a beta of 0.92. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.59. The business’s fifty day moving average is $35.85 and its 200 day moving average is $35.62. Enbridge Inc. has a 52 week low of $31.03 and a 52 week high of $38.37.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, May 10th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. The company had revenue of $8.19 billion for the quarter, compared to analysts’ expectations of $9 billion. Research analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

About Enbridge

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.