Enbridge Inc (ENB) Position Increased by Callahan Advisors LLC

Callahan Advisors LLC boosted its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,050 shares of the pipeline company’s stock after purchasing an additional 4,800 shares during the quarter. Callahan Advisors LLC’s holdings in Enbridge were worth $1,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bartlett & Co. LLC raised its stake in Enbridge by 0.7% during the 3rd quarter. Bartlett & Co. LLC now owns 1,009,449 shares of the pipeline company’s stock valued at $32,595,000 after purchasing an additional 7,283 shares during the period. First Manhattan Co. raised its stake in Enbridge by 6.4% during the 3rd quarter. First Manhattan Co. now owns 414,239 shares of the pipeline company’s stock valued at $13,375,000 after purchasing an additional 24,949 shares during the period. MainStreet Investment Advisors LLC raised its stake in Enbridge by 8.4% during the 3rd quarter. MainStreet Investment Advisors LLC now owns 83,096 shares of the pipeline company’s stock valued at $2,683,000 after purchasing an additional 6,439 shares during the period. Hudson Valley Investment Advisors Inc. ADV raised its stake in Enbridge by 4.1% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,113 shares of the pipeline company’s stock valued at $1,876,000 after purchasing an additional 2,263 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in Enbridge by 14.4% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 79,302 shares of the pipeline company’s stock valued at $2,561,000 after purchasing an additional 9,981 shares during the period. 58.53% of the stock is currently owned by institutional investors.

NYSE:ENB opened at $32.32 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.47 and a current ratio of 0.56. Enbridge Inc has a 1 year low of $29.00 and a 1 year high of $41.58. The company has a market capitalization of $55.39 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.71 and a beta of 0.55.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, August 3rd. The pipeline company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.20. Enbridge had a return on equity of 8.47% and a net margin of 5.99%. The business had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $9.86 billion. On average, equities analysts expect that Enbridge Inc will post 2.1 earnings per share for the current fiscal year.

ENB has been the topic of several recent analyst reports. ValuEngine raised Enbridge from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Morgan Stanley lifted their price objective on Enbridge from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Friday, July 13th. Citigroup reaffirmed a “neutral” rating on shares of Enbridge in a research note on Monday, September 24th. Bank of America raised Enbridge from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $50.00 in a research note on Friday, August 17th. Finally, UBS Group initiated coverage on Enbridge in a research note on Thursday, October 4th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.17.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in 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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