Wedbush Securities Inc. Has $1.52 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

Wedbush Securities Inc. lessened its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,727 shares of the pipeline company’s stock after selling 292 shares during the quarter. Wedbush Securities Inc.’s holdings in Enbridge were worth $1,516,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ENB. Metis Global Partners LLC increased its position in Enbridge by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company’s stock worth $8,782,000 after buying an additional 7,986 shares during the last quarter. Aviso Financial Inc. boosted its stake in shares of Enbridge by 4.3% during the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company’s stock worth $60,152,000 after acquiring an additional 58,176 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Enbridge by 70.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company’s stock worth $52,648,000 after acquiring an additional 536,818 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in Enbridge by 32.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company’s stock valued at $52,880,000 after acquiring an additional 319,907 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Enbridge by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company’s stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Price Performance

Shares of Enbridge stock opened at $43.34 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $94.44 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company has a 50-day simple moving average of $43.45 and a two-hundred day simple moving average of $42.62. Enbridge Inc. has a twelve month low of $32.86 and a twelve month high of $46.12.

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, beating the consensus estimate of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the previous year, the firm earned $0.64 EPS. Analysts forecast that Enbridge Inc. will post 2.14 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Citigroup started coverage on shares of Enbridge in a research report on Friday. They set a “buy” rating for the company. CIBC reaffirmed an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, TD Securities began coverage on Enbridge in a report on Wednesday, January 15th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Enbridge has a consensus rating of “Moderate Buy” and an average target price of $67.00.

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.