180 Wealth Advisors LLC Invests $424,000 in Enbridge Inc (ENB)
180 Wealth Advisors LLC bought a new position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,841 shares of the pipeline company’s stock, valued at approximately $424,000.
Other large investors have also bought and sold shares of the company. Spectrum Management Group Inc. bought a new stake in shares of Enbridge during the third quarter worth about $113,000. Fieldpoint Private Securities LLC bought a new stake in shares of Enbridge during the third quarter worth about $130,000. Taylor Hoffman Wealth Management bought a new stake in shares of Enbridge during the fourth quarter worth about $140,000. Valeo Financial Advisors LLC bought a new stake in shares of Enbridge during the third quarter worth about $146,000. Finally, Field & Main Bank bought a new stake in shares of Enbridge during the fourth quarter worth about $149,000. 64.78% of the stock is owned by institutional investors.
In other Enbridge news, Director Michael E. J. Phelps sold 18,054 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $34.00, for a total value of $613,836.00. Following the completion of the sale, the director now directly owns 56,245 shares of the company’s stock, valued at approximately $1,912,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Enbridge Inc (NYSE ENB) opened at $31.48 on Monday. Enbridge Inc has a 52-week low of $31.31 and a 52-week high of $42.92. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.63 and a quick ratio of 0.53. The stock has a market cap of $53,400.00, a PE ratio of 24.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65.
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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