Enbridge Inc. (NYSE:ENB) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC lowered its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 28,629 shares of the pipeline company’s stock after selling 265 shares during the quarter. Donaldson Capital Management LLC’s holdings in Enbridge were worth $1,215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENB. McIlrath & Eck LLC grew its holdings in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 295 shares in the last quarter. Albion Financial Group UT acquired a new position in Enbridge in the fourth quarter worth about $29,000. Darwin Wealth Management LLC bought a new stake in Enbridge in the third quarter valued at about $37,000. Dixon Mitchell Investment Counsel Inc. raised its stake in Enbridge by 149.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after buying an additional 580 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in Enbridge during the 4th quarter worth approximately $42,000. Institutional investors own 54.60% of the company’s stock.

Enbridge Stock Down 0.7 %

NYSE:ENB opened at $42.38 on Wednesday. The firm has a market capitalization of $92.34 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. Enbridge Inc. has a 52 week low of $32.85 and a 52 week 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 stock has a 50 day moving average of $43.46 and a 200-day moving average of $42.17.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the business posted $0.64 EPS. Analysts predict that Enbridge Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ENB shares. CIBC reiterated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. TD Securities assumed coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Royal Bank of Canada increased their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

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.