PFG Investments LLC Decreases Stock Holdings in Enbridge Inc. (NYSE:ENB)

PFG Investments LLC decreased its stake in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,150 shares of the pipeline company’s stock after selling 439 shares during the quarter. PFG Investments LLC’s holdings in Enbridge were worth $438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of Enbridge by 6.9% in the first quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company’s stock worth $2,262,000 after acquiring an additional 3,178 shares in the last quarter. BlackRock Inc. lifted its position in shares of Enbridge by 47.5% in the 1st quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company’s stock worth $73,081,000 after buying an additional 510,865 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Enbridge by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company’s stock worth $75,955,000 after buying an additional 112,553 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Enbridge by 3.4% in the 1st quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company’s stock worth $6,897,000 after buying an additional 4,883 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Enbridge by 0.3% in the 1st quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company’s stock worth $14,600,000 after acquiring an additional 968 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENB. Jefferies Financial Group started coverage on shares of Enbridge in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Stifel Nicolaus assumed coverage on shares of Enbridge in a research note on Thursday, January 18th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Enbridge currently has an average rating of “Hold” and a consensus price target of $55.20.

Enbridge Stock Performance

Shares of ENB opened at $35.99 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The stock has a market cap of $76.50 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 3.37 and a beta of 0.83. The company has a 50-day moving average of $35.20 and a two-hundred day moving average of $34.57. Enbridge Inc. has a one year low of $31.03 and a one year high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. On average, equities research analysts expect that Enbridge Inc. will post 2.11 earnings per share for the current year.

Enbridge Company 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.