Enbridge Inc. (NYSE:ENB) Stock Holdings Trimmed by Erste Asset Management GmbH

Erste Asset Management GmbH decreased its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,900 shares of the pipeline company’s stock after selling 1,700 shares during the quarter. Erste Asset Management GmbH’s holdings in Enbridge were worth $1,546,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. McIlrath & Eck LLC grew 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 in the last quarter. Albion Financial Group UT bought a new position in shares of Enbridge in the fourth quarter valued at approximately $29,000. Darwin Wealth Management LLC acquired a new position in shares of Enbridge during the third quarter valued at approximately $37,000. Dixon Mitchell Investment Counsel Inc. raised its holdings in Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 580 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in Enbridge in the fourth quarter worth approximately $42,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Performance

ENB opened at $42.86 on Friday. The business has a fifty day simple moving average of $43.45 and a 200-day simple moving average of $42.20. The firm has a market cap of $93.38 billion, a PE ratio of 24.92, a P/E/G 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 fifty-two week low of $32.85 and a fifty-two week high of $45.78.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the business posted $0.64 EPS. As a group, equities analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ENB has been the topic of several research analyst reports. CIBC reiterated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank of Canada boosted their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Three 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 company currently has an average rating of “Moderate Buy” and an average 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.