Enbridge Inc. (NYSE:ENB) Shares Sold by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC lowered its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 82.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,689 shares of the pipeline company’s stock after selling 27,029 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Enbridge were worth $241,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ENB. McIlrath & Eck LLC grew its stake in shares of Enbridge by 74.9% in the third 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 purchased a new stake in Enbridge during the 4th quarter worth approximately $29,000. Wintrust Investments LLC increased its holdings in Enbridge by 47.8% during the 4th 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. Darwin Wealth Management LLC purchased a new stake in Enbridge during the 3rd quarter worth approximately $37,000. Finally, Dixon Mitchell Investment Counsel Inc. increased its holdings in Enbridge by 149.9% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ENB shares. Royal Bank of Canada lifted their price objective on Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. CIBC restated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.00.

Enbridge Price Performance

Shares of NYSE ENB opened at $42.86 on Monday. Enbridge Inc. has a twelve month low of $32.85 and a twelve month high of $45.78. 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 has a market capitalization of $93.38 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. The business has a 50 day simple moving average of $43.45 and a 200-day simple moving average of $42.23.

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, beating 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 business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $0.64 EPS. As a group, equities research analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current 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.