American Century Companies Inc. Grows Position in Enbridge Inc. (NYSE:ENB)

American Century Companies Inc. grew its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,018 shares of the pipeline company’s stock after buying an additional 12,265 shares during the period. American Century Companies Inc.’s holdings in Enbridge were worth $5,275,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ENB. Coppell Advisory Solutions Corp. purchased a new stake in shares of Enbridge in the fourth quarter valued at $25,000. Industrial Alliance Investment Management Inc. acquired a new position in Enbridge in the fourth quarter valued at $25,000. Coppell Advisory Solutions LLC acquired a new position in Enbridge in the second quarter valued at $26,000. Tyler Stone Wealth Management acquired a new position in Enbridge in the second quarter valued at $26,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Enbridge in the first quarter valued at $27,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Stock Up 1.0 %

Shares of NYSE ENB opened at $35.99 on Thursday. Enbridge Inc. has a 1 year low of $31.03 and a 1 year high of $40.30. The firm has a market cap of $76.50 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 3.40 and a beta of 0.83. 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 stock’s 50-day simple moving average is $35.20 and its 200-day simple moving average is $34.57.

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

Analyst Upgrades and Downgrades

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

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.