Advisor Group Inc. Has $3.77 Million Stake in Enbridge Inc (ENB)

Advisor Group Inc. lifted its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 62.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,461 shares of the pipeline company’s stock after buying an additional 37,109 shares during the period. Advisor Group Inc.’s holdings in Enbridge were worth $3,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spectrum Management Group Inc. purchased a new position in shares of Enbridge in the third quarter worth about $113,000. Fieldpoint Private Securities LLC purchased a new position in Enbridge during the 3rd quarter valued at about $130,000. Taylor Hoffman Wealth Management purchased a new position in Enbridge during the 4th quarter valued at about $140,000. Valeo Financial Advisors LLC purchased a new position in Enbridge during the 3rd quarter valued at about $146,000. Finally, Field & Main Bank purchased a new position in Enbridge during the 4th quarter valued at about $149,000. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Enbridge Inc (NYSE ENB) opened at $32.89 on Wednesday. Enbridge Inc has a twelve month low of $31.19 and a twelve month high of $42.92. The stock has a market capitalization of $55,770.00, a PE ratio of 24.92, a P/E/G ratio of 2.32 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.39 billion. Enbridge had a return on equity of 5.47% and a net margin of 6.56%. equities analysts forecast that Enbridge Inc will post 1.77 earnings per share for the current year.

A number of research analysts recently issued reports on the company. Morgan Stanley reduced their price target on Enbridge from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. Canaccord Genuity restated a “buy” rating and set a $54.00 price target on shares of Enbridge in a report on Thursday, November 30th. Zacks Investment Research upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Finally, Bank of America assumed coverage on Enbridge in a report on Tuesday, January 9th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Enbridge has an average rating of “Hold” and a consensus price target of $51.25.

In other Enbridge news, Director Michael E. J. Phelps sold 18,054 shares of Enbridge stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $34.00, for a total transaction of $613,836.00. Following the sale, the director now directly owns 56,245 shares of the company’s stock, valued at approximately $1,912,330. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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