41,197 Enbridge Inc $ENB Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 12.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 385,768 shares of the pipeline company’s stock after purchasing an additional 41,197 shares during the period. Oppenheimer & Co. Inc.’s holdings in Enbridge were worth $17,934,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ENB. Retirement Planning Group LLC lifted its stake in shares of Enbridge by 3.6% in the 1st quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company’s stock valued at $290,000 after purchasing an additional 187 shares during the period. Bank & Trust Co boosted its position in shares of Enbridge by 0.6% during the 2nd quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company’s stock valued at $1,804,000 after purchasing an additional 193 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Enbridge by 0.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company’s stock valued at $1,710,000 after purchasing an additional 194 shares in the last quarter. PFG Investments LLC grew its stake in Enbridge by 0.9% during the first quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company’s stock worth $1,202,000 after purchasing an additional 202 shares during the period. Finally, Clearwave Capital LLC grew its stake in Enbridge by 0.9% during the second quarter. Clearwave Capital LLC now owns 22,033 shares of the pipeline company’s stock worth $1,194,000 after purchasing an additional 204 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of NYSE ENB opened at $48.28 on Tuesday. The firm’s 50-day moving average price is $48.49 and its 200-day moving average price is $52.07. Enbridge Inc has a 1-year low of $45.03 and a 1-year high of $58.45. The firm has a market capitalization of $107.61 billion, a P/E ratio of 25.82, a P/E/G ratio of 5.75 and a beta of 0.60. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $8.67 billion. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. During the same quarter in the prior year, the firm earned $0.65 EPS. Equities research analysts anticipate that Enbridge Inc will post 2.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ENB shares. Scotiabank upgraded Enbridge to a “strong-buy” rating in a report on Thursday, September 17th. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. National Bank Financial upgraded Enbridge from a “sector perform” rating to an “outperform” rating in a report on Tuesday, September 15th. Wolfe Research set a $50.00 price objective on shares of Enbridge in a research report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Enbridge presently has an average rating of “Moderate Buy” and a consensus price target of $65.88.

Enbridge Profile

Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company’s operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.