Generali Investments CEE investicni spolecnost a.s. Takes $807,000 Position in Enbridge Inc. (NYSE:ENB)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,022 shares of the pipeline company’s stock, valued at approximately $807,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in shares of Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares during the period. Albion Financial Group UT purchased a new position in Enbridge during the fourth quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in Enbridge in the 3rd quarter worth about $37,000. Dixon Mitchell Investment Counsel Inc. raised its holdings in shares of Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 580 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Enbridge during the 4th quarter valued at about $42,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ENB has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. TD Securities began coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.00.

Enbridge Stock Performance

NYSE:ENB opened at $42.00 on Friday. The company has a market capitalization of $91.51 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.92 and a beta of 0.95. The business has a 50 day moving average of $43.45 and a 200 day moving average of $42.10. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. Enbridge Inc. has a 1-year low of $32.85 and a 1-year high of $45.78.

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

About Enbridge

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.