CWA Asset Management Group LLC Boosts Holdings in Enbridge Inc. (NYSE:ENB)

CWA Asset Management Group LLC increased its stake in shares of Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) by 35.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,683 shares of the pipeline company’s stock after buying an additional 10,722 shares during the period. CWA Asset Management Group LLC’s holdings in Enbridge were worth $1,591,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Enbridge by 6.9% in the first quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company’s stock worth $2,262,000 after purchasing an additional 3,178 shares in the last quarter. BlackRock Inc. boosted its position in shares of Enbridge by 47.5% in the first quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company’s stock valued at $73,081,000 after acquiring an additional 510,865 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Enbridge by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company’s stock valued at $75,955,000 after acquiring an additional 112,553 shares during the period. Blair William & Co. IL boosted its position in shares of Enbridge by 3.4% in the first quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company’s stock valued at $6,897,000 after acquiring an additional 4,883 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Enbridge by 0.3% in the first quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company’s stock valued at $14,600,000 after acquiring an additional 968 shares during the period. Hedge funds and other institutional investors own 49.25% of the company’s stock.

Enbridge Trading Down 1.2 %

Shares of ENB opened at $36.56 on Friday. The firm has a market cap of $74.03 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 2.81 and a beta of 0.83. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.49 and a current ratio of 0.60. Enbridge Inc. has a fifty-two week low of $35.02 and a fifty-two week high of $47.67. The firm has a 50 day moving average price of $39.64 and a 200-day moving average price of $39.56.

Analysts Set New Price Targets

ENB has been the subject of a number of analyst reports. BMO Capital Markets lowered shares of Enbridge from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 24th. StockNews.com assumed coverage on shares of Enbridge in a research report on Thursday. They set a “hold” rating for the company. Credit Suisse Group lowered shares of Enbridge from a “neutral” rating to an “underperform” rating in a research report on Wednesday, February 8th. Finally, National Bank Financial lifted their target price on shares of Enbridge from C$54.00 to C$56.00 in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.00.

About Enbridge

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Enbridge, Inc engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.