Enbridge Inc. (NYSE:ENB) Holdings Decreased by Haverford Trust Co

Haverford Trust Co lessened its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 31.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,316 shares of the pipeline company’s stock after selling 6,600 shares during the period. Haverford Trust Co’s holdings in Enbridge were worth $607,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ENB. apricus wealth LLC lifted its stake in shares of Enbridge by 1.1% in the 4th quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company’s stock worth $875,000 after acquiring an additional 220 shares during the period. Cornerstone Wealth Management LLC lifted its position in Enbridge by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company’s stock worth $1,252,000 after purchasing an additional 227 shares during the period. Armstrong Advisory Group Inc. boosted its stake in Enbridge by 3.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company’s stock valued at $319,000 after purchasing an additional 230 shares in the last quarter. Wintrust Investments LLC increased its position in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares during the period. Finally, Eagle Bay Advisors LLC raised its stake in shares of Enbridge by 10.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company’s stock worth $106,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Up 0.4 %

Shares of NYSE ENB opened at $44.44 on Wednesday. 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 12 month low of $32.86 and a 12 month high of $45.78. The company has a market cap of $96.84 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 3.92 and a beta of 0.95. The business has a fifty day simple moving average of $43.48 and a 200-day simple moving average of $42.42.

Enbridge (NYSE:ENB) (TSE:ENB) last posted 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 company had revenue of $11.59 billion during 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 period in the prior year, the firm earned $0.64 earnings per share. Sell-side analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ENB shares. Royal Bank of Canada raised their target price on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. CIBC restated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, TD Securities started coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

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.