Enbridge Inc. (NYSE:ENB) Position Lowered by Bokf Na

Bokf Na decreased its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,598 shares of the pipeline company’s stock after selling 11,783 shares during the quarter. Bokf Na’s holdings in Enbridge were worth $4,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ENB. HB Wealth Management LLC increased its stake in shares of Enbridge by 20.1% in the fourth quarter. HB Wealth Management LLC now owns 7,270 shares of the pipeline company’s stock valued at $262,000 after purchasing an additional 1,218 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Enbridge during the fourth quarter valued at approximately $303,000. Assenagon Asset Management S.A. boosted its holdings in Enbridge by 3.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 61,977 shares of the pipeline company’s stock worth $2,251,000 after buying an additional 2,323 shares in the last quarter. Planned Solutions Inc. bought a new stake in Enbridge during the fourth quarter worth approximately $34,000. Finally, Ritholtz Wealth Management boosted its stake in Enbridge by 19.2% in the 4th quarter. Ritholtz Wealth Management now owns 13,699 shares of the pipeline company’s stock worth $493,000 after purchasing an additional 2,204 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Up 0.1 %

Enbridge stock traded up $0.02 during midday trading on Monday, reaching $36.68. The stock had a trading volume of 245,211 shares, compared to its average volume of 5,432,480. The firm’s fifty day simple moving average is $35.83 and its two-hundred day simple moving average is $35.61. The firm has a market cap of $79.87 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 3.46 and a beta of 0.92. Enbridge Inc. has a twelve month low of $31.03 and a twelve month high of $38.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.68 and a quick ratio of 0.59.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.59 by $0.09. The firm had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $9 billion. Enbridge had a net margin of 13.59% and a return on equity of 10.53%. Equities analysts anticipate that Enbridge Inc. will post 2.12 EPS for the current fiscal year.

Enbridge Company 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.