Atlas Capital Advisors Inc. Cuts Stake in Enbridge Inc. (NYSE:ENB)

Atlas Capital Advisors Inc. cut its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 50.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,750 shares of the pipeline company’s stock after selling 1,750 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Enbridge were worth $74,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. McIlrath & Eck LLC raised its holdings in Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Albion Financial Group UT bought a new stake in shares of Enbridge in the 4th quarter worth $29,000. Wintrust Investments LLC raised its stake in shares of 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 during the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its holdings in shares of Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 580 shares in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of Enbridge during the fourth quarter valued at $42,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

ENB opened at $43.34 on Friday. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $46.12. The company has a market cap of $94.44 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 3.92 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $43.45 and its 200 day moving average is $42.62.

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

Analyst Ratings Changes

ENB has been the topic of several research analyst reports. CIBC restated an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. Citigroup started coverage on shares of Enbridge in a research report on Friday. They set a “buy” rating on the stock. Royal Bank of Canada boosted 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. Finally, TD Securities assumed coverage on Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, 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.