Wellington Shields Capital Management LLC Has $840,000 Stake in Enbridge Inc. (NYSE:ENB)

Wellington Shields Capital Management LLC cut its stake in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Swiss National Bank raised its stake in shares of Enbridge by 3.2% during the third quarter. Swiss National Bank now owns 6,585,231 shares of the pipeline company's stock worth $267,935,000 after buying an additional 207,200 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Enbridge by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after buying an additional 7,986 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Enbridge by 70.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock worth $52,648,000 after buying an additional 536,818 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in shares of Enbridge by 32.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company's stock worth $52,880,000 after buying an additional 319,907 shares during the last quarter. Finally, Aviso Financial Inc. raised its stake in shares of Enbridge by 4.3% during the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after buying an additional 58,176 shares during the last quarter. 54.60% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Securities assumed coverage on shares of 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 research note on Wednesday, March 5th. Finally, Royal Bank of Canada upped 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Trading Up 0.7 %

NYSE:ENB traded up $0.31 during trading hours on Friday, hitting $42.86. The stock had a trading volume of 2,041,656 shares, compared to its average volume of 4,301,787. Enbridge Inc. has a one year low of $32.85 and a one year 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. The company has a market cap of $93.38 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 3.92 and a beta of 0.95. The business's 50 day moving average is $43.45 and its 200-day moving average is $42.21.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The company had revenue of $11.59 billion during 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 prior year, the company earned $0.64 earnings per share. Sell-side analysts anticipate 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.