Crewe Advisors LLC Buys New Position in Enbridge Inc. (NYSE:ENB)

Crewe Advisors LLC acquired a new stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,334 shares of the pipeline company’s stock, valued at approximately $84,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Enbridge by 1.5% in the first quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company’s stock valued at $3,049,268,000 after purchasing an additional 1,227,031 shares during the last quarter. TD Asset Management Inc increased its holdings in Enbridge by 0.9% during the first quarter. TD Asset Management Inc now owns 38,087,489 shares of the pipeline company’s stock worth $1,377,708,000 after buying an additional 337,729 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Enbridge by 2.5% during the fourth quarter. 1832 Asset Management L.P. now owns 35,289,140 shares of the pipeline company’s stock worth $1,271,115,000 after buying an additional 846,796 shares during the last quarter. Canoe Financial LP boosted its position in Enbridge by 80,631.1% during the fourth quarter. Canoe Financial LP now owns 33,460,611 shares of the pipeline company’s stock worth $1,205,251,000 after purchasing an additional 33,419,164 shares during the period. Finally, Bank of Nova Scotia boosted its position in shares of Enbridge by 6.8% in the fourth quarter. Bank of Nova Scotia now owns 29,995,342 shares of the pipeline company’s stock valued at $1,079,833,000 after acquiring an additional 1,910,302 shares during the period. Institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

Shares of ENB stock traded up $0.13 during trading hours on Friday, reaching $36.46. The stock had a trading volume of 532,031 shares, compared to its average volume of 5,450,496. The stock’s fifty day simple moving average is $35.83 and its 200 day simple moving average is $35.63. The company has a current ratio of 0.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35. Enbridge Inc. has a 12 month low of $31.03 and a 12 month high of $38.37. The firm has a market capitalization of $79.39 billion, a PE ratio of 18.44, a PEG ratio of 3.45 and a beta of 0.92.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, May 10th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.09. The business had revenue of $8.19 billion during the quarter, compared to analyst estimates of $9 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. On average, equities research analysts predict that Enbridge Inc. will post 2.12 EPS for the current year.

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.