Jacobs & Co. CA Has $10.20 Million Stock Position in Enbridge Inc. (NYSE:ENB)

Jacobs & Co. CA increased its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 283,129 shares of the pipeline company’s stock after purchasing an additional 522 shares during the period. Jacobs & Co. CA’s holdings in Enbridge were worth $10,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ENB. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Enbridge by 98.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,644,850 shares of the pipeline company’s stock valued at $54,578,000 after acquiring an additional 815,850 shares during the last quarter. Vanguard Group Inc. grew its holdings in Enbridge by 5.7% during the third quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock valued at $2,704,715,000 after purchasing an additional 4,400,848 shares during the period. Monashee Investment Management LLC bought a new position in Enbridge during the third quarter valued at $4,252,000. CIBC Asset Management Inc grew its holdings in Enbridge by 3.6% during the second quarter. CIBC Asset Management Inc now owns 18,616,583 shares of the pipeline company’s stock valued at $692,463,000 after purchasing an additional 652,769 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Enbridge by 6.1% in the third quarter. National Bank of Canada FI now owns 18,189,412 shares of the pipeline company’s stock worth $581,882,000 after acquiring an additional 1,041,308 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ENB shares. Jefferies Financial Group started coverage on Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Stifel Nicolaus started coverage on Enbridge in a research note on Thursday, January 18th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.20.

Enbridge Stock Performance

Shares of NYSE:ENB opened at $35.99 on Thursday. The firm has a market cap of $76.50 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.83. The firm’s 50 day simple moving average is $35.20 and its 200-day simple moving average is $34.57. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. As a group, equities analysts predict that Enbridge Inc. will post 2.11 EPS for the current year.

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.