LaSalle St. Investment Advisors LLC Buys 16,684 Shares of Enbridge Inc. (NYSE:ENB)

LaSalle St. Investment Advisors LLC increased its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 107.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,163 shares of the pipeline company’s stock after purchasing an additional 16,684 shares during the quarter. LaSalle St. Investment Advisors LLC’s holdings in Enbridge were worth $1,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC lifted its stake in shares of Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after buying an additional 295 shares during the period. Albion Financial Group UT bought a new stake in shares of Enbridge in the 4th quarter worth approximately $29,000. Wintrust Investments LLC grew its holdings in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 238 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. increased its position in shares of Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 580 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in Enbridge in the fourth quarter worth $42,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

Shares of Enbridge stock opened at $43.28 on Monday. Enbridge Inc. has a 52 week low of $32.86 and a 52 week high of $46.12. 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 market capitalization of $94.31 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 3.92 and a beta of 0.80. The firm has a fifty day moving average of $43.14 and a two-hundred day moving average of $42.67.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TD Securities began coverage on Enbridge in a report on Wednesday, January 15th. They set a “buy” rating for the company. Royal Bank of Canada boosted their price objective on Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Citigroup initiated coverage on Enbridge in a research note on Friday, April 4th. They issued a “buy” rating for the company. Finally, CIBC reissued an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Enbridge presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

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.