Voya Financial Advisors Inc. Has $1.56 Million Stock Position in Enbridge Inc. (NYSE:ENB)

Voya Financial Advisors Inc. raised its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,942 shares of the pipeline company’s stock after purchasing an additional 503 shares during the period. Voya Financial Advisors Inc.’s holdings in Enbridge were worth $1,556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. apricus wealth LLC increased its stake in Enbridge by 1.1% during the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company’s stock valued at $875,000 after acquiring an additional 220 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of Enbridge by 0.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company’s stock worth $1,252,000 after purchasing an additional 227 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Enbridge by 3.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company’s stock valued at $319,000 after purchasing an additional 230 shares during the period. Wintrust Investments LLC raised its stake in shares of Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in Enbridge by 10.6% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 240 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Up 1.7 %

Shares of NYSE:ENB opened at $46.37 on Friday. The company has a 50 day moving average of $43.27 and a 200-day moving average of $42.91. Enbridge Inc. has a one year low of $34.60 and a one year high of $46.42. The stock has a market cap of $101.05 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 3.92 and a beta of 0.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ENB. TD Securities initiated coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Citigroup began coverage on shares of Enbridge in a research note on Friday, April 4th. They set a “buy” rating for the company. Royal Bank of Canada upped their price objective on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, CIBC reaffirmed an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

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.