Enbridge Inc. (NYSE:ENB) Shares Sold by Haverford Trust Co

Haverford Trust Co lowered its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 31.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,316 shares of the pipeline company’s stock after selling 6,600 shares during the quarter. Haverford Trust Co’s holdings in Enbridge were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENB. McIlrath & Eck LLC increased its position in shares of Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares during the last quarter. Albion Financial Group UT bought a new stake in Enbridge in the fourth quarter valued at about $29,000. Wintrust Investments LLC raised its stake in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after buying an additional 238 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its holdings in Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after buying an additional 580 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Enbridge in the 4th quarter worth approximately $42,000. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

ENB has been the topic of several research reports. CIBC reissued an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Royal Bank of Canada raised their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.00.

Enbridge Price Performance

Shares of NYSE ENB opened at $44.44 on Wednesday. Enbridge Inc. has a 1-year low of $32.86 and a 1-year high of $45.78. The firm has a market capitalization of $96.84 billion, a PE ratio of 25.84, a P/E/G ratio of 3.92 and a beta of 0.95. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The business’s fifty day moving average price is $43.48 and its two-hundred day moving average price is $42.42.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm posted $0.64 EPS. On average, research analysts expect that Enbridge Inc. will post 2.14 EPS for the current 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.