Telos Capital Management Inc. Raises Position in Enbridge Inc. (NYSE:ENB)

Telos Capital Management Inc. boosted its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 149,659 shares of the pipeline company’s stock after buying an additional 5,384 shares during the quarter. Telos Capital Management Inc.’s holdings in Enbridge were worth $5,391,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Enbridge by 6.9% in the 1st quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company’s stock valued at $2,262,000 after purchasing an additional 3,178 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Enbridge by 47.5% during the first quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company’s stock worth $73,081,000 after buying an additional 510,865 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Enbridge by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company’s stock valued at $75,955,000 after buying an additional 112,553 shares during the last quarter. Blair William & Co. IL increased its position in shares of Enbridge by 3.4% in the 1st quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company’s stock valued at $6,897,000 after acquiring an additional 4,883 shares during the period. Finally, Sei Investments Co. increased its position in shares of Enbridge by 0.3% in the 1st quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company’s stock valued at $14,600,000 after acquiring an additional 968 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Performance

Enbridge stock traded up $0.22 during midday trading on Wednesday, hitting $33.19. 2,713,768 shares of the company were exchanged, compared to its average volume of 5,356,061. The business has a fifty day simple moving average of $35.05 and a two-hundred day simple moving average of $34.66. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The firm has a market capitalization of $70.56 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 3.17 and a beta of 0.84. Enbridge Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. On average, sell-side analysts forecast that Enbridge Inc. will post 2.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.