Federated Hermes Inc. Has $197.02 Million Stock Holdings in Enbridge Inc. (NYSE:ENB)

Federated Hermes Inc. trimmed its position in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,643,482 shares of the pipeline company's stock after selling 50,910 shares during the period. Federated Hermes Inc. owned approximately 0.21% of Enbridge worth $197,023,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in Enbridge by 734.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,467 shares of the pipeline company's stock worth $2,171,000 after acquiring an additional 47,063 shares during the last quarter. Verition Fund Management LLC boosted its stake in Enbridge by 13.5% during the 3rd quarter. Verition Fund Management LLC now owns 7,637 shares of the pipeline company's stock worth $310,000 after acquiring an additional 910 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Enbridge by 1.7% in the 3rd quarter. HighTower Advisors LLC now owns 520,422 shares of the pipeline company's stock valued at $21,115,000 after buying an additional 8,902 shares during the period. Janus Henderson Group PLC grew its position in shares of Enbridge by 431.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,057,996 shares of the pipeline company's stock valued at $42,966,000 after purchasing an additional 858,932 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in Enbridge by 7.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 59,331 shares of the pipeline company's stock worth $2,409,000 after purchasing an additional 3,973 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Price Performance

Shares of NYSE ENB traded down $0.10 during midday trading on Thursday, reaching $41.67. 3,058,926 shares of the company were exchanged, compared to its average volume of 4,445,524. Enbridge Inc. has a one year low of $32.86 and a one year high of $46.12. The stock has a market cap of $90.81 billion, a P/E ratio of 24.29, a PEG ratio of 3.92 and a beta of 0.80. 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 stock's 50-day moving average price is $43.17 and its 200-day moving average price is $42.64.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted 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 firm had revenue of $11.59 billion during 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 company earned $0.64 earnings per share. On average, sell-side analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ENB has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective 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. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. TD Securities started coverage on shares of Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Citigroup started coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $67.00.

Enbridge 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.