Enbridge Inc. (NYSE:ENB) Acquired by US Capital Wealth Advisors LLC

Financial Advisors


US Capital Wealth Advisors LLC increased its shares in Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) by 56.8% in the fourth quarter, according to its latest Form 13F filed with the SEC. The fund owned his 143,475 shares of pipeline company stock after he purchased an additional 51,973 shares during the period. US Capital Wealth Advisors LLC’s holdings in Enbridge were valued at $5,610,000 at the end of the most recent reporting period.

Other institutional investors have increased or decreased their stakes in the company recently. WFA of San Diego LLC acquired his new stake in Enbridge for his $30,000 in the fourth quarter. McClarren Financial Advisors Inc. bought his new Enbridge position in the third quarter for $29,000. TFC Financial Management purchased approximately $30,000 worth of new Enbridge shares in the third quarter. Retirement Financial Solutions LLC purchased new shares in his Enbridge stock worth approximately $37,000 in the fourth quarter. Finally, RFP Financial Group LLC bought his new Enbridge position for his $42,000 in the fourth quarter. Hedge funds and other institutional investors own 49.25% of the company’s shares.

Enbridge price/performance ratio

NYSE ENB shares opened Friday at $39.31. The company has a market cap of $79.6 billion, a price/earnings ratio of 38.92, a price/earnings ratio of 2.91, and a beta of 0.83. Enbridge Inc. has a one-year low of $35.02 and a one-year high of $47.67. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt to equity ratio of 1.29. The stock has a 50-day simple moving average of $38.43 and a 200-day simple moving average of $39.24.

Enbridge (NYSE:ENB – Get Rating) (TSE:ENB) last announced its quarterly earnings data on Friday, February 10. The pipeline company reported earnings of $0.46 per share for the quarter, missing consensus expectations of $0.56 ($0.10). Enbridge’s net profit margin was 5.67% and return on equity was 10.30%. The company’s quarterly revenue was $9.89 billion. Analysts expect Enbridge Inc. to post earnings of 2.22 per share for the current year.

Analyst Rating Change

Many equity research analysts publish reports on stocks. BMO Capital Markets downgraded Enbridge’s stock from an “outperform” rating to a “market his perform” rating in a research note on Tuesday, Jan. 24. Credit Suisse Group upgraded Enbridge’s stock from ‘underperforming’ to ‘neutral’ in a report on Wednesday, March 29. StockNews.com covered his Enbridge stake in a research report on Thursday, March 16th. They set a “pending” rating on the company. Finally, National Bank Financial increased Enbridge’s price target from C$54.00 to C$56.00 in a research report on Friday, January 27. Five investment analysts rated the stock as a hold and two rated it as a buy. Based on MarketBeat.com data, Enbridge’s consensus valuation is currently ‘hold’ with a consensus price target of $59.00.

About Enbridge

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Enbridge, Inc is engaged in the supply of gas and oil. It operates through liquid pipelines, gas distribution and storage, gas transportation and midstream, renewable power generation, and energy services segments. The Liquid Pipelines segment contracts with common Canadian and U.S. carriers for crude oil, natural gas liquids and refineries, including interests in the Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline and Seaway Crude Oil Pipeline. It consists of product pipelines and terminals. other feeder pipelines.

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Want to know other hedge funds holding ENB? Visit HoldingsChannel.com to get the latest Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) 13F filings and insider trading.

Enbridge (NYSE:ENB) Quarterly Institutional Ownership

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