Blackhawk Capital Partners LLC. boosted its holdings in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,987 shares of the pipeline company’s stock after buying an additional 769 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Enbridge were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ENB. Vanguard Group Inc increased its position in Enbridge by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 48,626,327 shares of the pipeline company’s stock worth $1,570,144,000 after purchasing an additional 1,184,467 shares during the last quarter. TD Asset Management Inc. increased its position in Enbridge by 3.7% in the 1st quarter. TD Asset Management Inc. now owns 46,596,794 shares of the pipeline company’s stock worth $1,688,151,000 after purchasing an additional 1,648,741 shares during the last quarter. Jarislowsky Fraser Ltd increased its position in Enbridge by 0.5% in the 4th quarter. Jarislowsky Fraser Ltd now owns 24,607,599 shares of the pipeline company’s stock worth $764,101,000 after purchasing an additional 131,550 shares during the last quarter. CIBC Asset Management Inc increased its position in Enbridge by 4.1% in the 1st quarter. CIBC Asset Management Inc now owns 22,663,824 shares of the pipeline company’s stock worth $820,833,000 after purchasing an additional 895,305 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Enbridge by 13.6% in the 4th quarter. Mackenzie Financial Corp now owns 21,632,644 shares of the pipeline company’s stock worth $672,343,000 after purchasing an additional 2,584,814 shares during the last quarter. 56.95% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on ENB shares. ValuEngine raised Enbridge from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Enbridge in a research report on Monday, February 18th. Zacks Investment Research raised Enbridge from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Thursday, February 14th. Bank of America reaffirmed a “buy” rating on shares of Enbridge in a research report on Tuesday, March 5th. Finally, Industrial Alliance Securities reaffirmed a “buy” rating on shares of Enbridge in a research report on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.46.

In other news, insider William T. Yardley sold 14,900 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $36.98, for a total transaction of $551,002.00. Following the completion of the sale, the insider now owns 94,770 shares in the company, valued at approximately $3,504,594.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Albert Monaco purchased 7,806 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $49.33 per share, with a total value of $385,069.98. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

ENB opened at $37.25 on Thursday. The stock has a market cap of $75.50 billion, a PE ratio of 18.17, a P/E/G ratio of 2.40 and a beta of 0.69. Enbridge Inc has a 52-week low of $28.82 and a 52-week high of $37.96. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.92.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. The company had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $12.96 billion. Enbridge had a return on equity of 8.31% and a net margin of 9.09%. During the same quarter in the prior year, the company posted $0.82 EPS. On average, equities research analysts forecast that Enbridge Inc will post 1.85 earnings per share for the current year.

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Enbridge Company Profile

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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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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