Enbridge Inc (ENB) Position Decreased by Capital Investment Advisors LLC

Capital Investment Advisors LLC decreased its stake in shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,610 shares of the pipeline company’s stock after selling 24 shares during the period. Capital Investment Advisors LLC’s holdings in Enbridge were worth $223,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Enbridge by 10.9% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 43,464,138 shares of the pipeline company’s stock valued at $1,818,540,000 after buying an additional 4,256,369 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Enbridge by 28.2% in the first quarter. TD Asset Management Inc. now owns 41,491,668 shares of the pipeline company’s stock valued at $1,733,219,000 after buying an additional 9,123,400 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Enbridge by 82.9% in the first quarter. Vanguard Group Inc. now owns 38,983,086 shares of the pipeline company’s stock valued at $1,631,051,000 after buying an additional 17,671,076 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Enbridge by 72.4% in the first quarter. Bank of Montreal Can now owns 38,965,561 shares of the pipeline company’s stock valued at $1,630,318,000 after buying an additional 16,369,985 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Enbridge by 30.6% in the first quarter. FMR LLC now owns 34,484,573 shares of the pipeline company’s stock valued at $1,444,626,000 after buying an additional 8,072,511 shares during the last quarter. Hedge funds and other institutional investors own 62.95% of the company’s stock.

Shares of Enbridge Inc (ENB) opened at 41.81 on Friday. The firm has a 50-day moving average of $39.46 and a 200-day moving average of $41.16. Enbridge Inc has a one year low of $37.37 and a one year high of $45.77. The company has a market capitalization of $68.52 billion, a P/E ratio of 44.34 and a beta of 0.61.

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Several analysts have recently commented on ENB shares. Morgan Stanley started coverage on shares of Enbridge in a research report on Tuesday, May 2nd. They set an “equal weight” rating and a $45.00 price objective on the stock. BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 24th. Zacks Investment Research downgraded shares of Enbridge from a “hold” rating to a “strong sell” rating in a research report on Monday, April 24th. Wolfe Research started coverage on shares of Enbridge in a research report on Friday, May 12th. They set a “market perform” rating and a $43.00 price objective on the stock. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Enbridge in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Enbridge has a consensus rating of “Hold” and an average target price of $54.00.

About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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