K.J. Harrison & Partners Inc Has $5.68 Million Stock Holdings in Enbridge Inc $ENB

K.J. Harrison & Partners Inc grew its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 127.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,401 shares of the pipeline company’s stock after buying an additional 70,375 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Enbridge were worth $5,676,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of Enbridge by 1.2% in the 2nd quarter. IFP Advisors Inc now owns 18,217 shares of the pipeline company’s stock worth $826,000 after purchasing an additional 221 shares during the last quarter. Loudon Investment Management LLC grew its holdings in shares of Enbridge by 1.1% in the 1st quarter. Loudon Investment Management LLC now owns 21,201 shares of the pipeline company’s stock worth $939,000 after purchasing an additional 240 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its holdings in shares of Enbridge by 1.7% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 14,606 shares of the pipeline company’s stock worth $662,000 after purchasing an additional 242 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of Enbridge by 4.8% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 5,304 shares of the pipeline company’s stock worth $235,000 after purchasing an additional 243 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings in shares of Enbridge by 30.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,107 shares of the pipeline company’s stock worth $50,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

Enbridge stock opened at $46.65 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 1.58. Enbridge Inc has a 1 year low of $39.73 and a 1 year high of $50.54. The company has a market cap of $101.73 billion, a PE ratio of 22.98, a PEG ratio of 4.31 and a beta of 0.78. The company’s 50-day moving average is $48.38 and its two-hundred day moving average is $46.72.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $10.56 billion. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. During the same period last year, the company posted $0.58 EPS. Equities analysts anticipate that Enbridge Inc will post 2.14 earnings per share for the current year.

Analysts Set New Price Targets

ENB has been the topic of several analyst reports. Cibc World Mkts lowered shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Zacks Research lowered shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Scotiabank reaffirmed a “sector perform” rating on shares of Enbridge in a report on Monday, October 20th. Jefferies Financial Group raised shares of Enbridge from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Finally, CIBC lowered shares of Enbridge from an “outperform” rating to a “neutral” rating in a report on Thursday, October 9th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.50.

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.