America First Investment Advisors LLC boosted its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420,955 shares of the pipeline company’s stock after acquiring an additional 3,862 shares during the period. Enbridge comprises approximately 4.5% of America First Investment Advisors LLC’s portfolio, making the stock its 15th largest position. America First Investment Advisors LLC’s holdings in Enbridge were worth $14,767,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Manchester Financial Inc. purchased a new stake in shares of Enbridge in the second quarter valued at about $25,000. Westside Investment Management Inc. purchased a new stake in shares of Enbridge in the second quarter valued at about $25,000. Strategic Blueprint LLC purchased a new stake in shares of Enbridge in the third quarter valued at about $27,000. Vista Private Wealth Partners. LLC purchased a new stake in shares of Enbridge in the third quarter valued at about $33,000. Finally, Bridger Capital Management LLC purchased a new stake in shares of Enbridge in the third quarter valued at about $34,000. 54.21% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on ENB shares. CIBC reduced their target price on shares of Enbridge from $57.00 to $56.00 in a report on Wednesday, October 23rd. US Capital Advisors reaffirmed an “overweight” rating on shares of Enbridge in a report on Friday, October 25th. ValuEngine cut shares of Enbridge from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. Citigroup upped their target price on shares of Enbridge from $46.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Barclays cut shares of Enbridge from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $52.00 to $51.00 in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.68.
NYSE ENB opened at $37.47 on Friday. The stock has a market capitalization of $74.72 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.80 and a beta of 0.58. Enbridge Inc has a 52-week low of $28.82 and a 52-week high of $38.04. The firm has a 50-day moving average price of $35.89 and a 200 day moving average price of $35.48. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.92.
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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