Imprint Wealth LLC Acquires 466 Shares of Enbridge Inc. (NYSE:ENB)

Imprint Wealth LLC boosted its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,413 shares of the pipeline company’s stock after acquiring an additional 466 shares during the period. Imprint Wealth LLC’s holdings in Enbridge were worth $843,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in Enbridge by 6.9% in the first quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company’s stock worth $2,262,000 after purchasing an additional 3,178 shares during the period. BlackRock Inc. grew its position in shares of Enbridge by 47.5% in the 1st quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company’s stock worth $73,081,000 after buying an additional 510,865 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Enbridge by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company’s stock worth $75,955,000 after acquiring an additional 112,553 shares in the last quarter. Blair William & Co. IL lifted its position in Enbridge by 3.4% during the 1st quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company’s stock valued at $6,897,000 after acquiring an additional 4,883 shares during the period. Finally, Sei Investments Co. boosted its stake in Enbridge by 0.3% during the first quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company’s stock worth $14,600,000 after acquiring an additional 968 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Performance

Shares of NYSE:ENB traded down $0.51 during midday trading on Tuesday, reaching $33.24. 1,979,178 shares of the company’s stock traded hands, compared to its average volume of 5,298,259. The stock has a 50 day moving average of $35.09 and a 200 day moving average of $34.66. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The company has a market cap of $70.67 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 3.21 and a beta of 0.84. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. As a group, equities research analysts anticipate that Enbridge Inc. will post 2.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ENB has been the subject of several recent research reports. Stifel Nicolaus began coverage on shares of Enbridge in a report on Thursday, January 18th. They set a “hold” rating for the company. Jefferies Financial Group assumed coverage on Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $55.20.

Enbridge Company Profile

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.