Cetera Investment Advisers Invests $288,000 in Enbridge Inc (ENB) Stock

Cetera Investment Advisers bought a new stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,161 shares of the pipeline company’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its stake in Enbridge by 22.6% in the second quarter. Advisory Services Network LLC now owns 22,293 shares of the pipeline company’s stock valued at $887,000 after acquiring an additional 4,104 shares during the last quarter. Gofen & Glossberg LLC IL raised its position in shares of Enbridge by 2.4% in the second quarter. Gofen & Glossberg LLC IL now owns 28,397 shares of the pipeline company’s stock valued at $1,130,000 after purchasing an additional 660 shares during the period. Colony Group LLC bought a new stake in shares of Enbridge in the second quarter valued at approximately $1,095,000. Altavista Wealth Management Inc. raised its position in shares of Enbridge by 2.6% in the second quarter. Altavista Wealth Management Inc. now owns 6,933 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 177 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Enbridge by 8.4% in the second quarter. Westwood Holdings Group Inc. now owns 157,893 shares of the pipeline company’s stock valued at $6,285,000 after purchasing an additional 12,178 shares during the period. Hedge funds and other institutional investors own 61.57% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/22/cetera-investment-advisers-invests-288000-in-enbridge-inc-enb-stock.html.

Enbridge Inc (NYSE:ENB) opened at 39.31 on Friday. Enbridge Inc has a 52 week low of $37.37 and a 52 week high of $44.52. The company has a 50 day moving average of $41.12 and a 200 day moving average of $40.54. The company has a market capitalization of $64.70 billion, a price-to-earnings ratio of 30.86 and a beta of 0.65.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $8.26 billion during the quarter, compared to analyst estimates of $8.81 billion. Enbridge had a net margin of 5.28% and a return on equity of 6.04%. During the same quarter in the prior year, the business earned $0.50 EPS. On average, equities analysts forecast that Enbridge Inc will post $1.63 EPS for the current fiscal year.

Several analysts have recently issued reports on ENB shares. GMP Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub raised shares of Enbridge from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and se

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its stake in Enbridge by 22.6% in the second quarter. Advisory Services Network LLC now owns 22,293 shares of the pipeline company’s stock valued at $887,000 after acquiring an additional 4,104 shares during the last quarter. Gofen & Glossberg LLC IL raised its position in shares of Enbridge by 2.4% in the second quarter. Gofen & Glossberg LLC IL now owns 28,397 shares of the pipeline company’s stock valued at $1,130,000 after purchasing an additional 660 shares during the period. Colony Group LLC bought a new stake in shares of Enbridge in the second quarter valued at approximately $1,095,000. Altavista Wealth Management Inc. raised its position in shares of Enbridge by 2.6% in the second quarter. Altavista Wealth Management Inc. now owns 6,933 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 177 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Enbridge by 8.4% in the second quarter. Westwood Holdings Group Inc. now owns 157,893 shares of the pipeline company’s stock valued at $6,285,000 after purchasing an additional 12,178 shares during the period. Hedge funds and other institutional investors own 61.57% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/22/cetera-investment-advisers-invests-288000-in-enbridge-inc-enb-stock.html.

Enbridge Inc (NYSE:ENB) opened at 39.31 on Friday. Enbridge Inc has a 52 week low of $37.37 and a 52 week high of $44.52. The company has a 50 day moving average of $41.12 and a 200 day moving average of $40.54. The company has a market capitalization of $64.70 billion, a price-to-earnings ratio of 30.86 and a beta of 0.65.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $8.26 billion during the quarter, compared to analyst estimates of $8.81 billion. Enbridge had a net margin of 5.28% and a return on equity of 6.04%. During the same quarter in the prior year, the business earned $0.50 EPS. On average, equities analysts forecast that Enbridge Inc will post $1.63 EPS for the current fiscal year.

Several analysts have recently issued reports on ENB shares. GMP Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub raised shares of Enbridge from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $44.00 target price (down previously from $45.00) on shares of Enbridge in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Enbridge presently has a consensus rating of “Hold” and a consensus price target of $56.00.

Enbridge Company Profile

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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