J.W. Cole Advisors Inc. Acquires 708 Shares of Enbridge Inc. (NYSE:ENB)

J.W. Cole Advisors Inc. lifted its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 5.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,564 shares of the pipeline company’s stock after purchasing an additional 708 shares during the period. J.W. Cole Advisors Inc.’s holdings in Enbridge were worth $525,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Enbridge by 98.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company’s stock worth $54,578,000 after buying an additional 815,850 shares during the last quarter. Clarius Group LLC boosted its holdings in Enbridge by 25.2% during the fourth quarter. Clarius Group LLC now owns 8,031 shares of the pipeline company’s stock worth $289,000 after buying an additional 1,617 shares during the last quarter. S.E.E.D. Planning Group LLC boosted its holdings in Enbridge by 81.1% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 229,663 shares of the pipeline company’s stock worth $8,272,000 after buying an additional 102,850 shares during the last quarter. Private Trust Co. NA boosted its holdings in Enbridge by 5.7% during the fourth quarter. Private Trust Co. NA now owns 8,834 shares of the pipeline company’s stock worth $318,000 after buying an additional 473 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Enbridge by 5.7% during the third quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock worth $2,704,715,000 after buying an additional 4,400,848 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

ENB opened at $35.42 on Wednesday. The company has a market capitalization of $75.30 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The business has a fifty day simple moving average of $35.07 and a 200 day simple moving average of $34.76. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. Research analysts expect that Enbridge Inc. will post 2.14 EPS for the current year.

Analyst Ratings Changes

ENB has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on Enbridge in a report on Thursday, January 18th. They set a “hold” rating on the stock. Jefferies Financial Group assumed coverage on Enbridge in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.20.

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.