Wellington Shields Capital Management LLC lessened its holdings in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 26.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,796 shares of the pipeline company's stock after selling 7,084 shares during the period. Wellington Shields Capital Management LLC's holdings in Enbridge were worth $840,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Aviso Financial Inc. raised its position in Enbridge by 4.3% in the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after purchasing an additional 58,176 shares in the last quarter. Wintrust Investments LLC boosted its stake in Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Enbridge by 3.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 430,464 shares of the pipeline company's stock worth $18,265,000 after purchasing an additional 15,355 shares in the last quarter. Essential Planning LLC. acquired a new position in Enbridge in the fourth quarter worth $1,069,000. Finally, Hopwood Financial Services Inc. acquired a new position in Enbridge in the fourth quarter worth $42,000. Institutional investors and hedge funds own 54.60% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. TD Securities assumed coverage on Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Finally, CIBC restated an "outperform" rating on shares of Enbridge in a research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.
View Our Latest Report on Enbridge
Enbridge Trading Up 0.7 %
NYSE ENB traded up $0.31 on Friday, reaching $42.86. The company had a trading volume of 2,041,656 shares, compared to its average volume of 4,301,787. The stock's 50 day moving average is $43.45 and its 200-day moving average is $42.20. 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 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 52 week low of $32.85 and a 52 week high of $45.78.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data 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 business 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 quarter in the prior year, the company posted $0.64 earnings per share. Equities analysts predict that Enbridge Inc. will post 2.14 earnings per share for the current 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.
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