Enbridge Inc. (NYSE:ENB) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,963,565 shares of the pipeline company's stock after selling 179,073 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.73% of Enbridge worth $677,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. McIlrath & Eck LLC boosted its holdings in shares of Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 295 shares during the period. Albion Financial Group UT bought a new stake in Enbridge during the 4th quarter valued at $29,000. Wintrust Investments LLC lifted its holdings in shares of Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares during the period. Dixon Mitchell Investment Counsel Inc. grew its position in shares of Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company's stock worth $41,000 after buying an additional 580 shares in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Enbridge during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Remove Ads

Enbridge Stock Up 0.6 %

ENB traded up $0.27 on Tuesday, hitting $44.58. The company had a trading volume of 2,389,094 shares, compared to its average volume of 4,399,273. The stock has a market capitalization of $97.15 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.92 and a beta of 0.95. The stock has a fifty day moving average price of $43.47 and a 200-day moving average price of $42.56. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $45.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates 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 business posted $0.64 EPS. Analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating on the stock. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a 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 data from MarketBeat.com, Enbridge currently has a consensus rating of "Moderate Buy" and an average target price of $67.00.

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.