Telos Capital Management Inc. Grows Position in Enbridge Inc. (NYSE:ENB)

Telos Capital Management Inc. raised its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,659 shares of the pipeline company’s stock after purchasing an additional 5,384 shares during the period. Telos Capital Management Inc.’s holdings in Enbridge were worth $5,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quilter Plc purchased a new position in Enbridge in the 1st quarter valued at approximately $293,879,000. Coppell Advisory Solutions Corp. bought a new position in shares of Enbridge in the fourth quarter worth $25,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of Enbridge in the fourth quarter valued at $25,000. Coppell Advisory Solutions LLC bought a new stake in shares of Enbridge during the 2nd quarter valued at $26,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Enbridge during the 1st quarter worth about $27,000. Institutional investors own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ENB has been the topic of several analyst reports. Jefferies Financial Group began coverage on Enbridge in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus started coverage on shares of Enbridge in a report on Thursday, January 18th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Enbridge currently has a consensus rating of “Hold” and an average target price of $55.20.

Enbridge Price Performance

Enbridge stock traded up $0.22 during mid-day trading on Wednesday, hitting $33.19. 2,713,768 shares of the company traded hands, compared to its average volume of 5,356,061. The stock has a fifty day moving average price of $35.05 and a 200-day moving average price of $34.66. The stock has a market cap of $70.56 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 3.17 and a beta of 0.84. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. On average, equities analysts predict that Enbridge Inc. will post 2.13 earnings per share for the current fiscal year.

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.