J.W. Cole Advisors Inc. Boosts Stock Holdings in Enbridge Inc. (NYSE:ENB)

J.W. Cole Advisors Inc. grew its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,564 shares of the pipeline company’s stock after buying an additional 708 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Enbridge were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Enbridge by 630.3% in the third 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. Vanguard Group Inc. grew its stake in shares of Enbridge by 5.7% in the 3rd 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 in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Enbridge by 36.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 10,447,175 shares of the pipeline company’s stock worth $348,110,000 after buying an additional 2,814,200 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Enbridge by 13.9% in the 3rd quarter. Mackenzie Financial Corp now owns 22,523,066 shares of the pipeline company’s stock worth $710,961,000 after buying an additional 2,756,079 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Enbridge by 11.3% in the 3rd quarter. CIBC Asset Management Inc now owns 20,717,604 shares of the pipeline company’s stock worth $689,270,000 after buying an additional 2,101,021 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group began coverage on shares of Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus started coverage on shares of Enbridge in a research report on Thursday, January 18th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Enbridge currently has an average rating of “Hold” and a consensus price target of $55.20.

Enbridge Trading Up 0.2 %

Shares of Enbridge stock opened at $35.42 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30. Enbridge Inc. has a 12-month low of $31.03 and a 12-month high of $40.30. The firm has a market capitalization of $75.30 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 3.31 and a beta of 0.84. The firm’s 50 day simple moving average is $35.07 and its two-hundred day simple moving average is $34.76.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (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. Analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Enbridge 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.