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M&T Bank Corp Acquires 20,264 Shares of Enbridge Inc $ENB
M&T Bank Corp increased its stake in Enbridge Inc. by 3.5% in the fourth quarter, purchasing 20,264 additional shares to bring its total holdings to 604,092 shares worth approximately $28.9 million. Enbridge (NYSE: ENB) surpassed fourth-quarter earnings per share estimates with $0.63 against a $0.60 consensus and reported revenues of $17.18 billion. Analyst ratings for Enbridge are mixed, with a consensus of “Moderate Buy” and an average price target of $65.00, while the stock currently trades near $54.71.