Nikulski Financial Inc. Buys 11,150 Shares of Enbridge Inc $ENB

Nikulski Financial Inc. raised its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 276.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,185 shares of the pipeline company’s stock after acquiring an additional 11,150 shares during the period. Nikulski Financial Inc.’s holdings in Enbridge were worth $726,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Enbridge by 2.0% in the third quarter. Vanguard Group Inc. now owns 98,297,477 shares of the pipeline company’s stock worth $4,959,009,000 after purchasing an additional 1,892,491 shares during the period. TD Asset Management Inc raised its stake in Enbridge by 0.3% in the third quarter. TD Asset Management Inc now owns 40,021,291 shares of the pipeline company’s stock valued at $2,019,473,000 after purchasing an additional 137,897 shares in the last quarter. Scotia Capital Inc. lifted its position in Enbridge by 2.1% during the third quarter. Scotia Capital Inc. now owns 14,369,949 shares of the pipeline company’s stock worth $723,404,000 after purchasing an additional 300,391 shares during the period. Canada Pension Plan Investment Board lifted its position in Enbridge by 38.7% during the second quarter. Canada Pension Plan Investment Board now owns 13,213,321 shares of the pipeline company’s stock worth $599,556,000 after purchasing an additional 3,687,334 shares during the period. Finally, Amundi grew its stake in Enbridge by 3.2% during the third quarter. Amundi now owns 9,638,460 shares of the pipeline company’s stock worth $479,706,000 after buying an additional 295,942 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Trading Down 0.4%

Shares of Enbridge stock opened at $54.11 on Wednesday. The firm’s 50 day moving average is $52.08 and its 200 day moving average is $49.31. The firm has a market capitalization of $118.08 billion, a PE ratio of 23.53 and a beta of 0.67. Enbridge Inc has a 1 year low of $39.73 and a 1 year high of $55.44. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $17.18 billion for the quarter, compared to analyst estimates of $9.10 billion. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. During the same quarter last year, the business posted $0.75 earnings per share. Equities research analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ENB has been the topic of several recent analyst reports. Royal Bank Of Canada raised their target price on shares of Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded shares of Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a research note on Tuesday, February 17th. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, JPMorgan Chase & Co. cut Enbridge from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Enbridge has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Enbridge Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.