Enbridge Inc. (NYSE:ENB) Shares Bought by MCIA Inc

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

ENB has been the topic of a number of research analyst reports. National Bank Financial raised their price objective on shares of Enbridge from C$54.00 to C$56.00 in a research note on Friday, January 27th. BMO Capital Markets lowered shares of Enbridge from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 24th. Credit Suisse Group lowered shares of Enbridge from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 8th. Finally, StockNews.com initiated coverage on shares of Enbridge in a report on Thursday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Enbridge has a consensus rating of “Hold” and a consensus price target of $59.00.

Enbridge Profile

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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.