America First Investment Advisors LLC Sells 6,885 Shares of Enbridge Inc. (NYSE:ENB)

America First Investment Advisors LLC cut its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 512,804 shares of the pipeline company's stock after selling 6,885 shares during the quarter. Enbridge comprises about 4.8% of America First Investment Advisors LLC's holdings, making the stock its 12th biggest holding. America First Investment Advisors LLC's holdings in Enbridge were worth $21,758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Metis Global Partners LLC grew its stake in Enbridge by 4.0% in the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after purchasing an additional 7,986 shares during the period. Aviso Financial Inc. grew its position in shares of Enbridge by 4.3% in the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after buying an additional 58,176 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Enbridge by 70.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock worth $52,648,000 after acquiring an additional 536,818 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its position in Enbridge by 32.6% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock valued at $52,880,000 after acquiring an additional 319,907 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

ENB has been the subject of several recent research reports. TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating for the company. CIBC reissued an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, Royal Bank of Canada increased their target price on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Enbridge presently has an average rating of "Moderate Buy" and an average price target of $67.00.

Enbridge Stock Up 0.2 %

Shares of NYSE:ENB traded up $0.07 during trading on Friday, reaching $44.43. 2,281,331 shares of the stock traded hands, compared to its average volume of 4,410,981. The stock has a market cap of $96.82 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The stock has a 50-day moving average of $43.49 and a two-hundred day moving average of $42.49. Enbridge Inc. has a 52-week low of $32.86 and a 52-week high of $45.78.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period last year, the business posted $0.64 EPS. As a group, sell-side analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.