Shares of Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $60.50.
Several equities research analysts recently commented on ENB shares. Credit Suisse Group lowered Enbridge from a “neutral” rating to an “underperform” rating in a research report on Wednesday, February 8th. StockNews.com started coverage on Enbridge in a research report on Thursday. They set a “hold” rating on the stock. BMO Capital Markets lowered Enbridge from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 24th. Finally, National Bank Financial upped their target price on Enbridge from C$54.00 to C$56.00 in a research report on Friday, January 27th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Associated Banc Corp boosted its holdings in Enbridge by 3.0% in the second quarter. Associated Banc Corp now owns 8,123 shares of the pipeline company’s stock worth $343,000 after acquiring an additional 235 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Enbridge by 1.0% in the third quarter. Horizon Investments LLC now owns 26,639 shares of the pipeline company’s stock valued at $973,000 after purchasing an additional 264 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Enbridge by 0.5% in the third quarter. Bessemer Group Inc. now owns 55,494 shares of the pipeline company’s stock valued at $2,063,000 after purchasing an additional 265 shares in the last quarter. Accurate Wealth Management LLC lifted its holdings in shares of Enbridge by 3.1% in the third quarter. Accurate Wealth Management LLC now owns 8,980 shares of the pipeline company’s stock valued at $633,000 after purchasing an additional 266 shares in the last quarter. Finally, Lantz Financial LLC lifted its holdings in shares of Enbridge by 2.2% in the fourth quarter. Lantz Financial LLC now owns 12,212 shares of the pipeline company’s stock valued at $477,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 49.25% of the company’s stock.
Enbridge Stock Down 1.2 %
Enbridge, Inc engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.
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