Fox Run Management L.L.C. decreased its stake in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 67.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,879 shares of the pipeline company's stock after selling 20,258 shares during the quarter. Fox Run Management L.L.C.'s holdings in Enbridge were worth $419,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in shares of Enbridge by 23.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,685 shares of the pipeline company's stock worth $1,895,000 after purchasing an additional 8,848 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in shares of Enbridge by 19.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 20,161 shares of the pipeline company's stock valued at $818,000 after acquiring an additional 3,311 shares in the last quarter. Cerity Partners LLC increased its stake in Enbridge by 6.8% in the third quarter. Cerity Partners LLC now owns 190,814 shares of the pipeline company's stock valued at $7,749,000 after acquiring an additional 12,154 shares during the period. Larson Financial Group LLC raised its position in Enbridge by 57.9% in the third quarter. Larson Financial Group LLC now owns 5,357 shares of the pipeline company's stock worth $218,000 after purchasing an additional 1,965 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in Enbridge by 1.7% during the third quarter. Centaurus Financial Inc. now owns 14,980 shares of the pipeline company's stock worth $608,000 after purchasing an additional 256 shares during the period. Institutional investors own 54.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada boosted 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. Finally, CIBC reaffirmed an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.00.
Get Our Latest Analysis on Enbridge
Enbridge Trading Up 0.2 %
NYSE:ENB traded up $0.07 during trading hours on Friday, hitting $44.43. 2,281,331 shares of the stock were exchanged, compared to its average volume of 4,410,981. The company's 50 day moving average is $43.49 and its two-hundred day moving average is $42.49. 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 company has a market capitalization of $96.82 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. Enbridge Inc. has a twelve month low of $32.86 and a twelve month high of $45.78.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company earned $0.64 EPS. On average, sell-side analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.
Enbridge Profile
(
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.
Further Reading
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
