Enbridge Inc. (NYSE:ENB) Holdings Cut by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 33.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,227 shares of the pipeline company's stock after selling 25,813 shares during the period. Epoch Investment Partners Inc.'s holdings in Enbridge were worth $2,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ENB. Metis Global Partners LLC raised its position in Enbridge by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after acquiring an additional 7,986 shares during the last quarter. Aviso Financial Inc. raised its position in shares of Enbridge by 4.3% during the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after purchasing an additional 58,176 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in 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 valued at $52,648,000 after buying an additional 536,818 shares in the last quarter. Vanguard Group Inc. grew its holdings in Enbridge by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after buying an additional 3,611,421 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Enbridge by 8.6% during the fourth quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock worth $26,808,000 after buying an additional 49,800 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Trading Up 1.2 %

ENB stock traded up $0.57 on Thursday, hitting $46.18. 1,264,158 shares of the company were exchanged, compared to its average volume of 4,285,817. The stock has a market capitalization of $100.63 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The business's fifty day moving average is $43.20 and its two-hundred day moving average is $42.87. Enbridge Inc. has a twelve month low of $34.60 and a twelve month high of $46.40. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates 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 company posted $0.64 EPS. As a group, research analysts forecast that Enbridge Inc. will post 2.14 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup assumed coverage on Enbridge in a research report on Friday, April 4th. They issued a "buy" rating on the stock. CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Royal Bank of Canada boosted their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, TD Securities assumed coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.