Enbridge Inc $ENB Shares Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY raised its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,099,664 shares of the pipeline company’s stock after acquiring an additional 13,537 shares during the period. Enbridge makes up 1.6% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 22nd largest position. Miller Howard Investments Inc. NY’s holdings in Enbridge were worth $52,597,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in Enbridge by 15.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,676,947 shares of the pipeline company’s stock valued at $83,176,000 after acquiring an additional 221,976 shares during the last quarter. Trajan Wealth LLC raised its holdings in Enbridge by 15.3% in the 3rd quarter. Trajan Wealth LLC now owns 804,261 shares of the pipeline company’s stock valued at $40,583,000 after acquiring an additional 106,784 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Enbridge by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 339,147 shares of the pipeline company’s stock valued at $17,113,000 after acquiring an additional 24,165 shares during the last quarter. Capital Advisors Inc. OK raised its holdings in Enbridge by 5.7% in the 3rd quarter. Capital Advisors Inc. OK now owns 951,773 shares of the pipeline company’s stock valued at $48,026,000 after acquiring an additional 51,645 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Enbridge by 3.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,121,715 shares of the pipeline company’s stock valued at $53,652,000 after acquiring an additional 41,601 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Up 0.0%

ENB stock opened at $52.70 on Monday. The company has a market cap of $115.06 billion, a price-to-earnings ratio of 22.91 and a beta of 0.63. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.70. The business has a fifty day simple moving average of $53.36 and a 200-day simple moving average of $49.69. Enbridge Inc has a 52 week low of $43.59 and a 52 week high of $55.44.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $17.18 billion during the quarter, compared to the consensus estimate of $9.10 billion. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.During the same period in the prior year, the firm posted $0.75 EPS. On average, equities research analysts expect that Enbridge Inc will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENB. Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. TD Securities downgraded Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Zacks Research upgraded Enbridge from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Citigroup restated a “buy” rating on shares of Enbridge in a report on Thursday, February 19th. Finally, Royal Bank Of Canada upped their price objective on Enbridge from $72.00 to $76.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.