Enbridge Inc. (NYSE:ENB) Shares Purchased by Loudon Investment Management LLC

Loudon Investment Management LLC increased its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,961 shares of the pipeline company’s stock after purchasing an additional 1,700 shares during the period. Loudon Investment Management LLC’s holdings in Enbridge were worth $889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC grew its stake in shares of Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Enbridge during the fourth quarter worth $29,000. Wintrust Investments LLC grew its stake in shares of Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 238 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Enbridge during the third quarter worth $37,000. Finally, Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Performance

NYSE ENB opened at $44.21 on Friday. The company has a fifty day moving average of $43.45 and a two-hundred day moving average of $42.31. Enbridge Inc. has a 1 year low of $32.86 and a 1 year high of $45.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The company has a market capitalization of $96.34 billion, a PE ratio of 25.70, a P/E/G ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ENB. TD Securities began coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Royal Bank of Canada upped their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, CIBC restated an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Enbridge has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.