Enbridge Inc. (NYSE:ENB) Stock Position Increased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1,131.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,545,283 shares of the pipeline company’s stock after buying an additional 1,419,766 shares during the period. Enbridge accounts for about 3.3% of Hillsdale Investment Management Inc.’s holdings, making the stock its 3rd largest holding. Hillsdale Investment Management Inc.’s holdings in Enbridge were worth $65,514,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. McIlrath & Eck LLC grew its stake in shares of Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after buying an additional 295 shares during the last quarter. Albion Financial Group UT purchased a new stake in shares of Enbridge in the 4th quarter worth approximately $29,000. Wintrust Investments LLC grew its stake 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. Darwin Wealth Management LLC purchased a new stake in shares of Enbridge in the 3rd quarter worth approximately $37,000. Finally, Dixon Mitchell Investment Counsel Inc. lifted its position in Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

NYSE ENB opened at $43.89 on Friday. The business’s fifty day moving average price is $43.46 and its 200-day moving average price is $42.33. The stock 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 company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. Enbridge Inc. has a 1-year low of $32.86 and a 1-year high of $45.78.

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

Analysts Set New Price Targets

ENB has been the topic of several analyst reports. TD Securities initiated coverage on Enbridge in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Royal Bank of Canada upped their price objective on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, CIBC reaffirmed an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

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.