Highland Capital Management LLC Raises Stake in Enbridge Inc. (NYSE:ENB)

Highland Capital Management LLC boosted its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,235 shares of the pipeline company’s stock after purchasing an additional 2,181 shares during the quarter. Highland Capital Management LLC’s holdings in Enbridge were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in ENB. Vanguard Group Inc. increased its holdings in shares of Enbridge by 5.7% in the third quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock valued at $2,704,715,000 after purchasing an additional 4,400,848 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in Enbridge by 109,143.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 48,468,082 shares of the pipeline company’s stock valued at $1,895,102,000 after buying an additional 48,423,715 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Enbridge by 630.3% during the 3rd quarter. Wellington Management Group LLP now owns 32,531,108 shares of the pipeline company’s stock worth $1,083,938,000 after acquiring an additional 28,076,386 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of Enbridge by 10.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 30,213,371 shares of the pipeline company’s stock worth $1,122,427,000 after buying an additional 2,831,889 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in Enbridge by 2.2% during the third quarter. TD Asset Management Inc now owns 30,213,082 shares of the pipeline company’s stock worth $1,006,729,000 after acquiring an additional 664,057 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Trading Up 1.0 %

Enbridge stock opened at $35.99 on Thursday. Enbridge Inc. has a 52-week low of $31.03 and a 52-week high of $40.30. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $76.50 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 3.37 and a beta of 0.83. The firm has a 50-day moving average price of $35.20 and a two-hundred day moving average price of $34.57.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Sell-side analysts expect that Enbridge Inc. will post 2.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Enbridge in a research report on Thursday, January 18th. They issued a “hold” rating for the company. Jefferies Financial Group assumed coverage on Enbridge in a report on Tuesday, February 27th. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.20.

Enbridge Company Profile

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.