Clearbridge Investments LLC decreased its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,275,318 shares of the pipeline company's stock after selling 1,342,572 shares during the quarter. Clearbridge Investments LLC owned about 0.84% of Enbridge worth $775,422,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. apricus wealth LLC increased its stake in Enbridge by 1.1% in the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after purchasing an additional 220 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in Enbridge by 0.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after buying an additional 227 shares during the period. Armstrong Advisory Group Inc. increased its stake in shares of Enbridge by 3.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock valued at $319,000 after acquiring an additional 230 shares during the last quarter. Wintrust Investments LLC lifted its holdings in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after acquiring an additional 238 shares during the period. Finally, Eagle Bay Advisors LLC boosted its position in shares of Enbridge by 10.6% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock worth $106,000 after acquiring an additional 240 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have weighed in on ENB. TD Securities began coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. 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 report on Tuesday, February 18th. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Enbridge has a consensus rating of "Moderate Buy" and an average target price of $67.00.
Check Out Our Latest Stock Analysis on ENB
Enbridge Trading Up 0.5 %
Shares of ENB stock traded up $0.22 during mid-day trading on Wednesday, reaching $44.79. The company's stock had a trading volume of 891,701 shares, compared to its average volume of 4,385,518. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $97.60 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The company's 50 day simple moving average is $43.47 and its 200-day simple moving average is $42.56. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $45.78.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping 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 analysts' expectations of $4.78 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, research analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.
About Enbridge
(
Free Report)
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.
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