Semmax Financial Advisors Inc. boosted its holdings in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 131.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,491 shares of the pipeline company’s stock after acquiring an additional 24,143 shares during the quarter. Enbridge accounts for 1.1% of Semmax Financial Advisors Inc.’s portfolio, making the stock its 20th largest position. Semmax Financial Advisors Inc.’s holdings in Enbridge were worth $1,541,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its stake in Enbridge by 58.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Front Row Advisors LLC boosted its stake in Enbridge by 3,985.7% during the 4th quarter. Front Row Advisors LLC now owns 858 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 837 shares in the last quarter. Rockland Trust Co. bought a new position in Enbridge during the 4th quarter valued at $28,000. We Are One Seven LLC bought a new position in Enbridge during the 4th quarter valued at $28,000. Finally, First Interstate Bank boosted its stake in Enbridge by 330.9% during the 4th quarter. First Interstate Bank now owns 1,004 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 771 shares in the last quarter. Hedge funds and other institutional investors own 56.95% of the company’s stock.
A number of brokerages have issued reports on ENB. Barclays began coverage on Enbridge in a research note on Tuesday, April 9th. They set an “overweight” rating for the company. Credit Suisse Group lowered Enbridge from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 25th. Industrial Alliance Securities reaffirmed a “buy” rating on shares of Enbridge in a research note on Monday, April 8th. Zacks Investment Research raised Enbridge from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Tuesday, February 5th. Finally, Scotiabank lowered Enbridge from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 4th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Enbridge presently has a consensus rating of “Buy” and a consensus price target of $46.46.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $9.67 billion during the quarter, compared to analyst estimates of $12.96 billion. Enbridge had a return on equity of 8.31% and a net margin of 9.09%. During the same period last year, the company posted $0.82 EPS. Equities research analysts forecast that Enbridge Inc will post 1.85 earnings per share for the current fiscal year.
In related news, insider Cynthia L. Hansen acquired 799 shares of Enbridge stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of $49.13 per share, with a total value of $39,254.87. Following the purchase, the insider now directly owns 105,423 shares in the company, valued at approximately $5,179,431.99. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William T. Yardley sold 14,900 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.98, for a total value of $551,002.00. Following the sale, the insider now directly owns 94,770 shares of the company’s stock, valued at $3,504,594.60. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
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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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