Enbridge Inc. (NYSE:ENB) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC reduced its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,063 shares of the pipeline company’s stock after selling 944 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Enbridge were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ENB. Quilter Plc acquired a new position in shares of Enbridge during the first quarter valued at about $293,879,000. Coppell Advisory Solutions Corp. purchased a new stake in Enbridge during the 4th quarter worth approximately $25,000. Industrial Alliance Investment Management Inc. acquired a new position in Enbridge during the 4th quarter valued at approximately $25,000. Coppell Advisory Solutions LLC acquired a new position in Enbridge during the 2nd quarter valued at approximately $26,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Enbridge in the first quarter worth $27,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ENB. Jefferies Financial Group assumed coverage on shares of Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus began coverage on shares of Enbridge in a research note on Thursday, January 18th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.20.

Enbridge Stock Up 0.5 %

ENB stock opened at $36.18 on Friday. The firm’s fifty day moving average is $35.19 and its 200 day moving average is $34.58. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.30. The firm has a market cap of $76.90 billion, a PE ratio of 17.22, a P/E/G ratio of 3.40 and a beta of 0.83.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. On average, research analysts forecast that Enbridge Inc. will post 2.11 EPS for the current year.

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.