Capital Advisors Inc. OK Has $52.90 Million Holdings in Enbridge Inc $ENB

Capital Advisors Inc. OK raised its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 16.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,105,903 shares of the pipeline company’s stock after acquiring an additional 154,130 shares during the period. Capital Advisors Inc. OK’s holdings in Enbridge were worth $52,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tsfg LLC raised its position in shares of Enbridge by 329.6% during the third quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock valued at $25,000 after buying an additional 379 shares during the last quarter. Triumph Capital Management acquired a new stake in Enbridge during the third quarter worth about $26,000. Highline Wealth Partners LLC grew its position in Enbridge by 73.1% during the third quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company’s stock worth $28,000 after buying an additional 236 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in Enbridge during the third quarter valued at about $28,000. Finally, True Wealth Design LLC increased its stake in Enbridge by 588.2% during the third quarter. True Wealth Design LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 500 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Performance

Enbridge stock opened at $54.11 on Wednesday. The firm has a market capitalization of $118.08 billion, a P/E ratio of 23.53 and a beta of 0.67. The stock has a fifty day moving average price of $52.08 and a two-hundred day moving average price of $49.31. Enbridge Inc has a 52-week low of $39.73 and a 52-week high of $55.44. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.63 and a quick ratio of 0.55.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The company had revenue of $17.18 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, analysts anticipate that Enbridge Inc will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on ENB shares. Zacks Research upgraded Enbridge from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Royal Bank Of Canada boosted their price objective on Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Scotiabank restated an “outperform” rating on shares of Enbridge in a research note on Tuesday, February 17th. Raymond James Financial raised Enbridge to a “moderate buy” rating in a research report on Tuesday, February 17th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Enbridge currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.