Winslow Evans & Crocker Inc. Grows Position in Enbridge Inc (NYSE:ENB)

Winslow Evans & Crocker Inc. boosted its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,156 shares of the pipeline company’s stock after purchasing an additional 1,936 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Enbridge were worth $838,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hanson McClain Inc. boosted its holdings in shares of Enbridge by 41.9% in the 1st quarter. Hanson McClain Inc. now owns 1,005 shares of the pipeline company’s stock valued at $36,000 after acquiring an additional 297 shares during the last quarter. Cascade Investment Advisors Inc. purchased a new stake in shares of Enbridge in the 2nd quarter valued at $36,000. Berman Capital Advisors LLC boosted its holdings in shares of Enbridge by 74.5% in the 1st quarter. Berman Capital Advisors LLC now owns 1,047 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 447 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of Enbridge in the 1st quarter valued at $42,000. Finally, Clarus Wealth Advisors boosted its holdings in shares of Enbridge by 27.5% in the 1st quarter. Clarus Wealth Advisors now owns 1,476 shares of the pipeline company’s stock valued at $54,000 after acquiring an additional 318 shares during the last quarter. 55.17% of the stock is currently owned by institutional investors.

Shares of ENB traded down $0.01 during trading hours on Tuesday, hitting $33.37. The stock had a trading volume of 1,634,878 shares, compared to its average volume of 2,211,821. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.64 and a quick ratio of 0.56. The business’s 50-day moving average is $35.42. Enbridge Inc has a fifty-two week low of $28.82 and a fifty-two week high of $38.04. The firm has a market cap of $67.66 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.64 and a beta of 0.58.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, May 10th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. Enbridge had a net margin of 9.09% and a return on equity of 8.31%. The firm had revenue of $9.67 billion during the quarter, compared to analysts’ expectations of $12.96 billion. During the same period in the previous year, the business posted $0.82 EPS. As a group, research analysts expect that Enbridge Inc will post 1.89 EPS for the current fiscal year.

Several analysts have recently commented on ENB shares. Wolfe Research downgraded shares of Enbridge from an “outperform” rating to a “peer perform” rating and set a $37.00 price objective on the stock. in a report on Thursday, June 13th. Industrial Alliance Securities reaffirmed a “buy” rating on shares of Tc Pipelines in a report on Monday, April 8th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Goldman Sachs Group started coverage on shares of Enbridge in a report on Thursday, July 18th. They issued a “neutral” rating on the stock. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $32.00 price objective on shares of CRH in a report on Thursday, April 25th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Enbridge currently has a consensus rating of “Hold” and an average price target of $43.75.

In related news, insider Albert Monaco acquired 7,848 shares of Enbridge stock in a transaction on Wednesday, June 5th. The stock was bought at an average cost of $49.81 per share, for a total transaction of $390,908.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

About Enbridge

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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