Enbridge Inc. (NYSE:ENB) Holdings Decreased by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,460,173 shares of the pipeline company's stock after selling 247,692 shares during the period. Enbridge comprises 2.2% of Intact Investment Management Inc.'s portfolio, making the stock its 9th biggest holding. Intact Investment Management Inc. owned approximately 0.07% of Enbridge worth $61,966,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. McIlrath & Eck LLC boosted its position in Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after buying an additional 295 shares during the last quarter. Albion Financial Group UT bought a new position in Enbridge during the 4th quarter worth about $29,000. Wintrust Investments LLC raised its position in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after buying an additional 238 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Enbridge in the third quarter worth $37,000. Finally, Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 580 shares in the last quarter. Institutional investors own 54.60% of the company's stock.

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Enbridge Stock Performance

ENB stock traded up $0.31 during midday trading on Friday, hitting $42.86. The company's stock had a trading volume of 2,041,656 shares, compared to its average volume of 4,301,787. The stock has a market cap of $93.38 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 3.92 and a beta of 0.95. The stock's 50-day moving average price is $43.45 and its 200 day moving average price is $42.21. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. Enbridge Inc. has a 1 year low of $32.85 and a 1 year high of $45.78.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter in the previous year, the firm posted $0.64 EPS. On average, equities analysts forecast that Enbridge Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

ENB has been the subject of several research analyst reports. TD Securities assumed coverage on Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. CIBC reissued an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.