Haverford Trust Co Has $607,000 Holdings in Enbridge Inc. (NYSE:ENB)

Haverford Trust Co reduced its position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 31.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,316 shares of the pipeline company's stock after selling 6,600 shares during the period. Haverford Trust Co's holdings in Enbridge were worth $607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Enbridge by 1,514.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,799,345 shares of the pipeline company's stock valued at $194,938,000 after acquiring an additional 4,502,115 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Enbridge in the 4th quarter valued at $180,941,000. Vanguard Group Inc. boosted its position in shares of Enbridge by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after purchasing an additional 3,611,421 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Enbridge by 12.8% during the third quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company's stock worth $737,754,000 after purchasing an additional 2,061,758 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in Enbridge by 1,131.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,545,283 shares of the pipeline company's stock valued at $65,514,000 after purchasing an additional 1,419,766 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have issued reports on ENB. CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. TD Securities began coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating for the company. Finally, Royal Bank of Canada upped their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Stock Up 0.2 %

Shares of NYSE ENB traded up $0.07 during mid-day trading on Friday, reaching $44.43. 2,281,331 shares of the company's stock were exchanged, compared to its average volume of 4,410,981. 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 business has a fifty day simple moving average of $43.49 and a 200 day simple moving average of $42.50. Enbridge Inc. has a twelve month low of $32.86 and a twelve month high of $45.78. The firm has a market capitalization of $96.82 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results 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 net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, equities analysts expect that Enbridge Inc. will post 2.14 EPS 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.