Columbus Macro LLC Buys 23,043 Shares of Enbridge Inc $ENB

Columbus Macro LLC lifted its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 331,453 shares of the pipeline company’s stock after purchasing an additional 23,043 shares during the quarter. Enbridge accounts for about 1.7% of Columbus Macro LLC’s portfolio, making the stock its 5th largest position. Columbus Macro LLC’s holdings in Enbridge were worth $15,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ENB. Private Advisory Group LLC bought a new position in Enbridge in the 4th quarter valued at approximately $238,000. ORG Partners LLC grew its stake in shares of Enbridge by 325.6% during the fourth quarter. ORG Partners LLC now owns 847 shares of the pipeline company’s stock worth $41,000 after buying an additional 648 shares during the last quarter. Donaldson Capital Management LLC grew its stake in shares of Enbridge by 4.7% during the fourth quarter. Donaldson Capital Management LLC now owns 35,118 shares of the pipeline company’s stock worth $1,680,000 after buying an additional 1,582 shares during the last quarter. Lantz Financial LLC increased its holdings in shares of Enbridge by 2.5% during the fourth quarter. Lantz Financial LLC now owns 15,034 shares of the pipeline company’s stock worth $719,000 after buying an additional 361 shares in the last quarter. Finally, TrueMark Investments LLC lifted its stake in shares of Enbridge by 7.7% in the 4th quarter. TrueMark Investments LLC now owns 206,664 shares of the pipeline company’s stock valued at $9,885,000 after acquiring an additional 14,826 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ENB has been the topic of several recent research reports. Citigroup reissued a “buy” rating on shares of Enbridge in a report on Thursday, February 19th. Zacks Research upgraded Enbridge from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Scotiabank reissued an “outperform” rating on shares of Enbridge in a research note on Tuesday, February 17th. Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada upped their price objective on Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Enbridge Stock Up 0.0%

Shares of ENB opened at $54.59 on Monday. The stock’s 50-day moving average price is $51.81 and its two-hundred day moving average price is $49.23. Enbridge Inc has a 12 month low of $39.73 and a 12 month high of $55.11. The company has a market capitalization of $119.13 billion, a PE ratio of 23.73 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating 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 company had revenue of $17.18 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, analysts anticipate that Enbridge Inc will post 2.14 EPS for the current year.

Enbridge Company Profile

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.