SVA Plumb Wealth Management LLC Has $675,000 Holdings in Enbridge Inc (ENB)

SVA Plumb Wealth Management LLC raised its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,603 shares of the pipeline company’s stock after purchasing an additional 1,000 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in Enbridge were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ENB. Vanguard Group Inc boosted its stake in shares of Enbridge by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 48,626,327 shares of the pipeline company’s stock worth $1,570,144,000 after acquiring an additional 1,184,467 shares during the period. TD Asset Management Inc. raised its holdings in shares of Enbridge by 4.1% during the 4th quarter. TD Asset Management Inc. now owns 44,948,053 shares of the pipeline company’s stock worth $1,395,700,000 after buying an additional 1,777,466 shares in the last quarter. Jarislowsky Fraser Ltd raised its holdings in shares of Enbridge by 0.5% during the 4th quarter. Jarislowsky Fraser Ltd now owns 24,607,599 shares of the pipeline company’s stock worth $764,101,000 after buying an additional 131,550 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Enbridge by 4.1% during the 1st quarter. CIBC Asset Management Inc now owns 22,663,824 shares of the pipeline company’s stock worth $820,833,000 after buying an additional 895,305 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Enbridge by 13.6% during the 4th quarter. Mackenzie Financial Corp now owns 21,632,644 shares of the pipeline company’s stock worth $672,343,000 after buying an additional 2,584,814 shares in the last quarter. Hedge funds and other institutional investors own 56.95% of the company’s stock.

In other news, insider Albert Monaco bought 7,806 shares of the stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of $49.33 per share, with a total value of $385,069.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William T. Yardley sold 14,900 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $36.98, for a total value of $551,002.00. Following the completion of the transaction, the insider now directly owns 94,770 shares of the company’s stock, valued at approximately $3,504,594.60. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on ENB shares. Wells Fargo & Co reissued a “buy” rating on shares of Enbridge in a report on Monday, February 18th. Scotia Howard Weill cut Enbridge from an “outperform” rating to a “sector perform” rating in a report on Monday, March 4th. Zacks Investment Research cut Enbridge from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Bank of America reissued a “buy” rating on shares of Enbridge in a report on Tuesday, March 5th. Finally, National Bank Financial raised Enbridge from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.46.

Shares of ENB opened at $37.08 on Thursday. Enbridge Inc has a 12-month low of $28.82 and a 12-month high of $37.96. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $73.77 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.51 and a beta of 0.69.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, May 10th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. Enbridge had a return on equity of 8.31% and a net margin of 9.09%. The business had revenue of $9.67 billion during the quarter, compared to analysts’ expectations of $12.96 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, research analysts forecast that Enbridge Inc will post 1.71 earnings per share for the current fiscal year.

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Enbridge Company Profile

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