Enbridge Inc. (NYSE:ENB) Shares Acquired by Jacobs & Co. CA

Jacobs & Co. CA increased its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,129 shares of the pipeline company’s stock after buying an additional 522 shares during the period. Jacobs & Co. CA’s holdings in Enbridge were worth $10,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC boosted its stake in shares of Enbridge by 109,143.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 48,468,082 shares of the pipeline company’s stock valued at $1,895,102,000 after purchasing an additional 48,423,715 shares during the period. Wellington Management Group LLP boosted its stake in Enbridge by 630.3% during the 3rd quarter. Wellington Management Group LLP now owns 32,531,108 shares of the pipeline company’s stock valued at $1,083,938,000 after acquiring an additional 28,076,386 shares during the last quarter. Norges Bank bought a new position in Enbridge during the 4th quarter valued at $723,255,000. Vanguard Group Inc. boosted its stake in Enbridge by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 81,491,857 shares of the pipeline company’s stock valued at $2,704,715,000 after acquiring an additional 4,400,848 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Enbridge by 10.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 30,213,371 shares of the pipeline company’s stock valued at $1,122,427,000 after acquiring an additional 2,831,889 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Stock Up 1.0 %

ENB stock opened at $35.99 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. Enbridge Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $40.30. The firm’s 50-day simple moving average is $35.20 and its 200 day simple moving average is $34.57. The stock has a market cap of $76.50 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.83.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on ENB shares. Stifel Nicolaus started coverage on shares of Enbridge in a research note on Thursday, January 18th. They set a “hold” rating on the stock. Jefferies Financial Group assumed coverage on shares of Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Enbridge presently has an average rating of “Hold” and a consensus 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.