Enbridge Inc. (NYSE:ENB) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC boosted its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,966 shares of the pipeline company’s stock after purchasing an additional 1,570 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Enbridge were worth $423,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC grew its stake in Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 295 shares during the last quarter. Albion Financial Group UT purchased a new stake in shares of Enbridge in the fourth quarter valued at about $29,000. Darwin Wealth Management LLC acquired a new stake in shares of Enbridge in the third quarter valued at approximately $37,000. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 580 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Enbridge during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

ENB has been the topic of a number of analyst reports. TD Securities assumed coverage on Enbridge in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Royal Bank of Canada increased their price objective on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $67.00.

Enbridge Stock Up 2.5 %

ENB stock opened at $42.60 on Thursday. The company has a 50 day moving average price of $43.45 and a two-hundred day moving average price of $42.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The stock has a market capitalization of $92.82 billion, a P/E ratio of 24.76, a PEG ratio of 3.92 and a beta of 0.94. Enbridge Inc. has a one year low of $32.85 and a one year high of $45.78.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. As a group, sell-side analysts expect that Enbridge Inc. will post 2.14 EPS for the current year.

About Enbridge

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.