Kellett Wealth Advisors LLC Grows Holdings in Enbridge Inc. (NYSE:ENB)

Kellett Wealth Advisors LLC grew its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 20.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,546 shares of the pipeline company’s stock after acquiring an additional 1,618 shares during the period. Kellett Wealth Advisors LLC’s holdings in Enbridge were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Telos Capital Management Inc. raised its stake in shares of Enbridge by 3.7% in the 4th quarter. Telos Capital Management Inc. now owns 149,659 shares of the pipeline company’s stock valued at $5,391,000 after acquiring an additional 5,384 shares during the period. Scissortail Wealth Management LLC purchased a new stake in Enbridge during the 4th quarter worth approximately $687,000. Avior Wealth Management LLC increased its stake in Enbridge by 50.8% during the 4th quarter. Avior Wealth Management LLC now owns 1,558 shares of the pipeline company’s stock worth $56,000 after buying an additional 525 shares during the period. Diversified Portfolios Inc. purchased a new stake in Enbridge during the 4th quarter worth approximately $215,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Enbridge by 17.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 807,385 shares of the pipeline company’s stock worth $29,207,000 after buying an additional 117,092 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Up 1.7 %

NYSE ENB traded up $0.58 on Thursday, hitting $33.91. 7,831,906 shares of the stock were exchanged, compared to its average volume of 5,457,855. 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 company has a market cap of $72.09 billion, a PE ratio of 15.87, a PEG ratio of 3.12 and a beta of 0.84. The company has a 50-day moving average price of $35.03 and a 200-day moving average price of $34.65.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Sell-side analysts anticipate that Enbridge Inc. will post 2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ENB. Jefferies Financial Group began coverage on shares of Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus began coverage on shares of Enbridge in a research note on Thursday, January 18th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.20.

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.