Stokes Family Office LLC Grows Stock Position in Enbridge Inc. (NYSE:ENB)

Stokes Family Office LLC increased its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 132.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,788 shares of the pipeline company’s stock after purchasing an additional 7,855 shares during the quarter. Stokes Family Office LLC’s holdings in Enbridge were worth $585,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. apricus wealth LLC grew its position in shares of Enbridge by 1.1% in the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company’s stock valued at $875,000 after purchasing an additional 220 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Enbridge by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company’s stock valued at $1,252,000 after purchasing an additional 227 shares in the last quarter. Armstrong Advisory Group Inc. grew its position in shares of Enbridge by 3.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company’s stock valued at $319,000 after purchasing an additional 230 shares in the last quarter. Wintrust Investments LLC grew its position in shares of Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its position in shares of Enbridge by 10.6% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company’s stock valued at $106,000 after purchasing an additional 240 shares in the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Price Performance

NYSE:ENB opened at $43.41 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The stock has a fifty day moving average of $43.45 and a 200 day moving average of $42.29. Enbridge Inc. has a 52-week low of $32.86 and a 52-week high of $45.78. The firm has a market capitalization of $94.59 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, research analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ENB. CIBC reiterated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. TD Securities began coverage on Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Royal Bank of Canada lifted their price objective on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Enbridge presently has an average rating of “Moderate Buy” and an average price target of $67.00.

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.