Partners Group Holding AG Sells 80,374 Shares of Enbridge Inc. (NYSE:ENB)

Partners Group Holding AG lessened its position in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 21.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 299,472 shares of the pipeline company’s stock after selling 80,374 shares during the period. Partners Group Holding AG’s holdings in Enbridge were worth $12,724,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ENB. apricus wealth LLC raised its holdings in 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 last quarter. Cornerstone Wealth Management LLC raised its stake in shares of 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 last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Enbridge by 3.2% during the fourth 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 holdings in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after buying an additional 238 shares in the last quarter. Finally, Eagle Bay Advisors LLC raised its position in 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 during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Stock Performance

ENB opened at $43.89 on Friday. The company’s 50 day moving average is $43.46 and its 200 day moving average is $42.35. 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 cap of $95.63 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.92 and a beta of 0.95. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $45.78.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Securities began coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a “buy” rating on the stock. CIBC restated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.