Enbridge Inc. (NYSE:ENB) Stock Holdings Trimmed by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC trimmed its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 13.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,063 shares of the pipeline company’s stock after selling 944 shares during the quarter. 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its holdings in shares of Enbridge by 19.2% in the fourth quarter. Ritholtz Wealth Management now owns 13,699 shares of the pipeline company’s stock valued at $493,000 after buying an additional 2,204 shares during the period. Pettinga Financial Advisors LLC grew its stake in shares of Enbridge by 13.2% in the 4th quarter. Pettinga Financial Advisors LLC now owns 7,288 shares of the pipeline company’s stock worth $263,000 after purchasing an additional 850 shares during the last quarter. Planned Solutions Inc. acquired a new stake in Enbridge during the fourth quarter valued at approximately $34,000. IFG Advisory LLC lifted its holdings in shares of Enbridge by 3.9% during the fourth quarter. IFG Advisory LLC now owns 56,463 shares of the pipeline company’s stock valued at $2,034,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Highland Capital Management LLC increased its stake in Enbridge by 14.5% in the 4th quarter. Highland Capital Management LLC now owns 17,235 shares of the pipeline company’s stock worth $621,000 after purchasing an additional 2,181 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Analysts Set New Price Targets

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

Enbridge Price Performance

Shares of ENB opened at $36.18 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The firm has a market cap of $76.90 billion, a PE ratio of 17.22, a PEG ratio of 3.40 and a beta of 0.83. The firm’s 50 day moving average price is $35.19 and its 200 day moving average price is $34.58. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $40.30.

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 for the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. As a group, research analysts expect that Enbridge Inc. will post 2.11 EPS for the current fiscal 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.