Enbridge Inc $ENB Stock Holdings Raised by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 4.4% during the third quarter, HoldingsChannel.com reports. The firm owned 861,723 shares of the pipeline company’s stock after purchasing an additional 36,063 shares during the period. Natixis Advisors LLC’s holdings in Enbridge were worth $43,483,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ENB. Vanguard Group Inc. grew its stake in Enbridge by 2.0% in the third quarter. Vanguard Group Inc. now owns 98,297,477 shares of the pipeline company’s stock worth $4,959,009,000 after purchasing an additional 1,892,491 shares in the last quarter. TD Asset Management Inc increased its holdings in Enbridge by 0.3% in the third quarter. TD Asset Management Inc now owns 40,021,291 shares of the pipeline company’s stock valued at $2,019,473,000 after buying an additional 137,897 shares during the last quarter. Norges Bank acquired a new stake in Enbridge during the second quarter valued at approximately $1,113,368,000. Legal & General Group Plc lifted its holdings in Enbridge by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 18,861,475 shares of the pipeline company’s stock worth $853,669,000 after buying an additional 207,243 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Enbridge by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 17,785,430 shares of the pipeline company’s stock worth $818,620,000 after buying an additional 2,989,992 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Down 0.2%

NYSE:ENB opened at $53.96 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70. The stock has a 50 day moving average of $49.74 and a 200-day moving average of $48.65. The firm has a market capitalization of $117.74 billion, a PE ratio of 23.46 and a beta of 0.67. Enbridge Inc has a 52 week low of $39.73 and a 52 week high of $54.42.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.The business had revenue of $17.18 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the business posted $0.75 EPS. Analysts predict that Enbridge Inc will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Weiss Ratings upgraded Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. downgraded shares of Enbridge from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 27th. Zacks Research upgraded shares of Enbridge from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, TD Securities cut shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.