Enbridge Inc. (NYSE:ENB) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lessened its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,362,095 shares of the pipeline company's stock after selling 485,212 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of Enbridge worth $100,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Canada Pension Plan Investment Board raised its stake in Enbridge by 20.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,818,919 shares of the pipeline company's stock worth $289,044,000 after acquiring an additional 1,135,000 shares during the period. Demars Financial Group LLC raised its holdings in shares of Enbridge by 4,131.5% during the 4th quarter. Demars Financial Group LLC now owns 897,539 shares of the pipeline company's stock worth $38,083,000 after acquiring an additional 876,328 shares in the last quarter. MSH Capital Advisors LLC bought a new position in shares of Enbridge in the 4th quarter valued at about $680,000. NewEdge Advisors LLC boosted its stake in Enbridge by 18.1% during the fourth quarter. NewEdge Advisors LLC now owns 360,892 shares of the pipeline company's stock worth $15,313,000 after buying an additional 55,264 shares during the period. Finally, Evergreen Capital Management LLC increased its position in Enbridge by 3.6% during the fourth quarter. Evergreen Capital Management LLC now owns 121,304 shares of the pipeline company's stock valued at $5,147,000 after acquiring an additional 4,239 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Stock Up 1.7 %

Shares of Enbridge stock traded up $0.75 during trading on Friday, hitting $45.32. 4,781,000 shares of the stock traded hands, compared to its average volume of 4,391,070. Enbridge Inc. has a 52-week low of $33.92 and a 52-week high of $46.12. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $98.76 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The stock's fifty day simple moving average is $43.15 and its 200 day simple moving average is $42.78.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The company had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the company earned $0.64 earnings per share. On average, equities analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ENB has been the topic of several analyst reports. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating on the stock. TD Securities began coverage on Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada raised their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

About Enbridge

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.