Mondrian Investment Partners LTD Has $54,000 Stock Position in Enbridge Inc. (NYSE:ENB)

Mondrian Investment Partners LTD lowered its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 39.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,261 shares of the pipeline company’s stock after selling 813 shares during the period. Mondrian Investment Partners LTD’s holdings in Enbridge were worth $54,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wintrust Investments LLC grew its stake in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 238 shares during the period. Avantax Advisory Services Inc. grew its stake in Enbridge by 3.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 430,464 shares of the pipeline company’s stock worth $18,265,000 after purchasing an additional 15,355 shares during the period. Essential Planning LLC. acquired a new stake in Enbridge during the fourth quarter worth approximately $1,069,000. Hopwood Financial Services Inc. acquired a new stake in Enbridge during the fourth quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC grew its stake in Enbridge by 17.0% during the fourth quarter. Farther Finance Advisors LLC now owns 12,363 shares of the pipeline company’s stock worth $525,000 after purchasing an additional 1,797 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Trading Down 0.0 %

Shares of Enbridge stock opened at $42.54 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge Inc. has a 52 week low of $32.85 and a 52 week high of $45.78. The stock has a 50 day moving average price of $43.46 and a two-hundred day moving average price of $42.18. The stock has a market capitalization of $92.69 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95.

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

Analyst Ratings Changes

A number of equities research analysts have commented on ENB shares. TD Securities started coverage on Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Royal Bank of Canada raised their price objective on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, CIBC reissued an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.