HBK Sorce Advisory LLC Has $553,000 Stock Holdings in Enbridge Inc $ENB

HBK Sorce Advisory LLC boosted its position in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 6.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,209 shares of the pipeline company’s stock after purchasing an additional 689 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Enbridge were worth $553,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mutual Advisors LLC lifted its holdings in Enbridge by 25.3% during the 2nd quarter. Mutual Advisors LLC now owns 51,995 shares of the pipeline company’s stock worth $2,338,000 after buying an additional 10,488 shares in the last quarter. 111 Capital bought a new stake in shares of Enbridge during the 2nd quarter valued at $1,887,000. Loudon Investment Management LLC raised its position in shares of Enbridge by 40.6% during the 2nd quarter. Loudon Investment Management LLC now owns 29,801 shares of the pipeline company’s stock valued at $1,351,000 after acquiring an additional 8,600 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Enbridge by 37.7% during the 2nd quarter. Ritholtz Wealth Management now owns 71,834 shares of the pipeline company’s stock valued at $3,256,000 after acquiring an additional 19,655 shares during the last quarter. Finally, Hartline Investment Corp raised its position in shares of Enbridge by 31.3% during the 1st quarter. Hartline Investment Corp now owns 36,098 shares of the pipeline company’s stock valued at $1,600,000 after acquiring an additional 8,610 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Price Performance

ENB opened at $46.65 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 1.58. Enbridge Inc has a 12 month low of $39.73 and a 12 month high of $50.54. The company has a fifty day simple moving average of $48.38 and a 200 day simple moving average of $46.68. The stock has a market cap of $101.74 billion, a P/E ratio of 22.98, a P/E/G ratio of 4.31 and a beta of 0.78.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, August 1st. The pipeline company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The business had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $10.56 billion. During the same quarter in the prior year, the company earned $0.58 EPS. On average, research analysts expect that Enbridge Inc will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

ENB has been the subject of several recent research reports. National Bankshares reiterated a “sector perform” rating on shares of Enbridge in a research report on Tuesday, August 5th. Argus upped their target price on shares of Enbridge from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. CIBC cut shares of Enbridge from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 9th. Zacks Research cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Wall Street Zen cut shares of Enbridge from a “hold” rating to a “sell” rating in a research report on Sunday, September 21st. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Enbridge presently has an average rating of “Hold” and a consensus price target of $60.50.

About Enbridge

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.