Berman Capital Advisors LLC grew its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 74.5% during the first quarter, Holdings Channel reports. The firm owned 1,047 shares of the pipeline company’s stock after acquiring an additional 447 shares during the quarter. Berman Capital Advisors LLC’s holdings in Enbridge were worth $37,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC grew its stake in shares of Enbridge by 2.4% in the fourth quarter. AE Wealth Management LLC now owns 31,348 shares of the pipeline company’s stock valued at $974,000 after buying an additional 740 shares in the last quarter. Morgan Stanley grew its stake in shares of Enbridge by 11.0% in the third quarter. Morgan Stanley now owns 4,787,632 shares of the pipeline company’s stock valued at $154,592,000 after buying an additional 472,660 shares in the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Enbridge in the fourth quarter valued at $3,328,000. Mutual Advisors LLC bought a new position in shares of Enbridge in the fourth quarter valued at $478,000. Finally, Osher Van de Voorde Investment Management grew its stake in shares of Enbridge by 23.8% in the fourth quarter. Osher Van de Voorde Investment Management now owns 238,806 shares of the pipeline company’s stock valued at $7,422,000 after buying an additional 45,982 shares in the last quarter. Institutional investors own 55.38% of the company’s stock.

Several equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Enbridge in a research note on Tuesday, April 9th. They issued an “overweight” rating for the company. Credit Suisse Group cut shares of Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 25th. Industrial Alliance Securities reissued a “buy” rating on shares of Enbridge in a research note on Monday, April 8th. Zacks Investment Research raised shares of Enbridge from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, February 5th. Finally, Scotiabank cut shares of Enbridge from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 4th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $46.46.

In related news, insider Albert Monaco acquired 7,806 shares of Enbridge stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $49.33 per share, with a total value of $385,069.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cynthia L. Hansen acquired 799 shares of Enbridge stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $49.13 per share, with a total value of $39,254.87. Following the completion of the transaction, the insider now owns 105,423 shares of the company’s stock, valued at $5,179,431.99. The disclosure for this purchase can be found here. Insiders own 0.42% of the company’s stock.

ENB stock opened at $37.47 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.64 and a quick ratio of 0.56. Enbridge Inc has a one year low of $28.82 and a one year high of $37.96. The firm has a market cap of $75.56 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.37 and a beta of 0.69.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.61 EPS for the quarter, topping the Zacks’ 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 earnings per share. As a group, sell-side analysts anticipate that Enbridge Inc will post 1.85 earnings per share for the current fiscal year.

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Enbridge Company Profile

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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