St. James Investment Company LLC Has $33.03 Million Stake in Enbridge Inc. (NYSE:ENB)

St. James Investment Company LLC trimmed its holdings in shares of Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 778,547 shares of the pipeline company's stock after selling 23,363 shares during the period. Enbridge accounts for 5.7% of St. James Investment Company LLC's portfolio, making the stock its 7th biggest position. St. James Investment Company LLC's holdings in Enbridge were worth $33,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in shares of Enbridge during the fourth quarter valued at about $909,415,000. Arrowstreet Capital Limited Partnership lifted its stake in Enbridge by 396.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock valued at $510,816,000 after buying an additional 9,621,425 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Enbridge in the fourth quarter worth about $180,941,000. Vanguard Group Inc. increased its position in shares of Enbridge by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Enbridge by 12.8% during the third quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company's stock valued at $737,754,000 after acquiring an additional 2,061,758 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ENB shares. TD Securities began coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada lifted their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, CIBC reiterated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Stock Up 1.3 %

Shares of ENB traded up $0.57 during trading hours on Thursday, hitting $45.71. 2,828,120 shares of the company were exchanged, compared to its average volume of 4,385,135. The firm's 50 day moving average is $43.48 and its 200-day moving average is $42.57. 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 Inc. has a 52 week low of $32.86 and a 52 week high of $46.10. The company has a market cap of $99.61 billion, a PE ratio of 26.58, a PEG ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The company had revenue of $11.59 billion for 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 last year, the firm posted $0.64 earnings per share. On average, equities research analysts forecast that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

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.