Signaturefd LLC Acquires 3,878 Shares of Enbridge Inc. (NYSE:ENB)

Signaturefd LLC increased its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,595 shares of the pipeline company’s stock after purchasing an additional 3,878 shares during the period. Signaturefd LLC’s holdings in Enbridge were worth $1,892,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ENB. McIlrath & Eck LLC boosted its position in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 295 shares in the last quarter. Albion Financial Group UT bought a new stake in Enbridge during the fourth quarter valued at about $29,000. Wintrust Investments LLC grew its stake in Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Enbridge in the third quarter valued at about $37,000. Finally, Dixon Mitchell Investment Counsel Inc. raised its holdings in Enbridge by 149.9% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 580 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ENB shares. 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. TD Securities began coverage on Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Finally, CIBC reiterated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enbridge presently has an average rating of “Moderate Buy” and an average target price of $67.00.

Enbridge Stock Up 1.5 %

NYSE:ENB opened at $43.47 on Tuesday. 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 twelve month low of $32.86 and a twelve month high of $45.78. The company has a market cap of $94.73 billion, a PE ratio of 25.28, a P/E/G ratio of 3.92 and a beta of 0.95. The company’s 50 day moving average is $43.46 and its two-hundred day moving average is $42.26.

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