MCIA Inc raised its position in Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) by 28.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,388 shares of the pipeline company’s stock after purchasing an additional 12,454 shares during the quarter. Enbridge comprises approximately 1.1% of MCIA Inc’s investment portfolio, making the stock its 28th biggest holding. MCIA Inc’s holdings in Enbridge were worth $2,311,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. increased its stake in shares of Enbridge by 434.8% during the second quarter. Pin Oak Investment Advisors Inc. now owns 615 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 500 shares during the period. Burleson & Company LLC increased its stake in shares of Enbridge by 428.6% during the third quarter. Burleson & Company LLC now owns 740 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 600 shares during the period. McClarren Financial Advisors Inc. acquired a new position in shares of Enbridge during the third quarter valued at approximately $29,000. TFC Financial Management acquired a new position in shares of Enbridge during the third quarter valued at approximately $30,000. Finally, EdgeRock Capital LLC acquired a new position in shares of Enbridge during the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 49.25% of the company’s stock.
Enbridge Price Performance
NYSE:ENB traded down $0.46 during trading hours on Friday, reaching $36.56. 4,391,392 shares of the company’s stock were exchanged, compared to its average volume of 3,675,975. The company has a market capitalization of $74.03 billion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 2.81 and a beta of 0.83. Enbridge Inc. has a 12 month low of $35.02 and a 12 month high of $47.67. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.29. The business’s 50-day simple moving average is $39.64 and its two-hundred day simple moving average is $39.56.
Wall Street Analyst Weigh In
Enbridge, Inc engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.
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