Turtle Creek Wealth Advisors LLC Purchases 12,639 Shares of Enbridge Inc $ENB

Turtle Creek Wealth Advisors LLC raised its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,856 shares of the pipeline company’s stock after acquiring an additional 12,639 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Enbridge were worth $2,480,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Blue Fin Capital Inc. raised its holdings in shares of Enbridge by 1.3% during the fourth quarter. Blue Fin Capital Inc. now owns 16,028 shares of the pipeline company’s stock valued at $767,000 after purchasing an additional 213 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Enbridge by 1.2% during the second quarter. IHT Wealth Management LLC now owns 18,084 shares of the pipeline company’s stock valued at $820,000 after purchasing an additional 213 shares during the period. HBK Sorce Advisory LLC raised its holdings in shares of Enbridge by 1.8% during the third quarter. HBK Sorce Advisory LLC now owns 12,424 shares of the pipeline company’s stock valued at $609,000 after purchasing an additional 215 shares during the period. Copperleaf Capital LLC raised its holdings in shares of Enbridge by 3.6% during the third quarter. Copperleaf Capital LLC now owns 6,328 shares of the pipeline company’s stock valued at $319,000 after purchasing an additional 217 shares during the period. Finally, PFG Advisors raised its holdings in shares of Enbridge by 4.2% during the third quarter. PFG Advisors now owns 5,479 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 223 shares during the period. Institutional investors own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ENB shares. Scotiabank reiterated an “outperform” rating on shares of Enbridge in a report on Tuesday, February 17th. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Enbridge Trading Up 1.4%

Shares of ENB stock opened at $52.54 on Friday. The company has a 50 day moving average of $53.43 and a 200-day moving average of $49.75. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.70. Enbridge Inc has a 12-month low of $43.59 and a 12-month high of $55.44. The firm has a market cap of $114.73 billion, a P/E ratio of 22.84 and a beta of 0.63.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The company had revenue of $17.18 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the firm earned $0.75 EPS. Sell-side analysts anticipate that Enbridge Inc will post 2.23 earnings per share for the current year.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.