Greenleaf Trust Boosts Stock Holdings in Enbridge Inc. (NYSE:ENB)

Greenleaf Trust boosted its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,343 shares of the pipeline company’s stock after purchasing an additional 3,062 shares during the period. Greenleaf Trust’s holdings in Enbridge were worth $769,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ENB. BOK Financial Private Wealth Inc. acquired a new stake in shares of Enbridge in the fourth quarter worth $25,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Enbridge in the fourth quarter worth $25,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Enbridge in the fourth quarter worth $25,000. Baystate Wealth Management LLC increased its position in shares of Enbridge by 836.4% in the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 644 shares in the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Enbridge in the second quarter worth $26,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

ENB opened at $34.86 on Monday. The company has a fifty day simple moving average of $35.04 and a 200 day simple moving average of $34.71. The firm has a market cap of $74.11 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 3.26 and a beta of 0.84. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $40.30. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30.

Enbridge (NYSE:ENB) (TSE:ENB) last posted 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). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. Equities research analysts expect that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENB has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on shares of Enbridge in a research report on Thursday, January 18th. They issued a “hold” rating for the company. Jefferies Financial Group began coverage on shares of Enbridge in a report on Tuesday, February 27th. They set a “buy” rating for the company. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.