FourThought Financial LLC Sells 571 Shares of Enbridge Inc. (NYSE:ENB)

FourThought Financial LLC decreased its holdings in Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,905 shares of the pipeline company’s stock after selling 571 shares during the period. FourThought Financial LLC’s holdings in Enbridge were worth $442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. increased its stake in shares of Enbridge by 434.8% during the second quarter. Pin Oak Investment Advisors Inc. now owns 615 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 500 shares during the period. Burleson & Company LLC increased its stake in shares of Enbridge by 428.6% during the third quarter. Burleson & Company LLC now owns 740 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 600 shares during the period. McClarren Financial Advisors Inc. bought a new position in shares of Enbridge during the third quarter worth approximately $29,000. TFC Financial Management bought a new position in shares of Enbridge during the third quarter worth approximately $30,000. Finally, EdgeRock Capital LLC bought a new position in shares of Enbridge during the third quarter worth approximately $32,000. Institutional investors own 49.25% of the company’s stock.

Wall Street Analysts Forecast Growth

ENB has been the topic of a number of recent research reports. Credit Suisse Group lowered Enbridge from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 8th. StockNews.com assumed coverage on Enbridge in a research note on Thursday. They set a “hold” rating on the stock. BMO Capital Markets lowered Enbridge from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 24th. Finally, National Bank Financial raised their price objective on Enbridge from C$54.00 to C$56.00 in a research note on Friday, January 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.00.

Enbridge Trading Up 1.2 %

Shares of ENB stock opened at $37.02 on Friday. The stock’s fifty day moving average price is $39.72 and its two-hundred day moving average price is $39.61. The company has a market cap of $74.96 billion, a PE ratio of 36.65, a P/E/G ratio of 2.81 and a beta of 0.83. Enbridge Inc. has a fifty-two week low of $35.02 and a fifty-two week high of $47.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.49 and a current ratio of 0.60.

About Enbridge

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Enbridge, Inc engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.