Enbridge Inc. (NYSE:ENB) Shares Sold by America First Investment Advisors LLC


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America First Investment Advisors LLC lessened its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 391,645 shares of the pipeline company’s stock after selling 4,199 shares during the quarter. Enbridge comprises about 4.3% of America First Investment Advisors LLC’s holdings, making the stock its 12th biggest holding. America First Investment Advisors LLC’s holdings in Enbridge were worth $14,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc lifted its position in shares of Enbridge by 2.9% during the fourth quarter. CIBC Asset Management Inc now owns 22,240,290 shares of the pipeline company’s stock worth $709,658,000 after purchasing an additional 635,365 shares in the last quarter. Norges Bank acquired a new stake in shares of Enbridge during the fourth quarter worth about $582,273,000. FIL Ltd lifted its position in shares of Enbridge by 2.9% during the fourth quarter. FIL Ltd now owns 13,649,051 shares of the pipeline company’s stock worth $436,524,000 after purchasing an additional 381,238 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Enbridge by 18.3% during the fourth quarter. Toronto Dominion Bank now owns 13,460,727 shares of the pipeline company’s stock worth $449,346,000 after purchasing an additional 2,085,103 shares in the last quarter. Finally, Brookfield Asset Management Inc. lifted its position in shares of Enbridge by 5.4% during the fourth quarter. Brookfield Asset Management Inc. now owns 8,939,791 shares of the pipeline company’s stock worth $285,984,000 after purchasing an additional 461,482 shares in the last quarter. 51.11% of the stock is currently owned by institutional investors and hedge funds.

ENB has been the topic of several research reports. Credit Suisse Group increased their price target on shares of Enbridge from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, January 29th. TD Securities raised their target price on shares of Enbridge from $53.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, February 16th. National Bank Financial reaffirmed an “outperform” rating on shares of Enbridge in a report on Wednesday, January 27th. Stifel Nicolaus reduced their target price on shares of Enbridge from $58.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, February 16th. Finally, CIBC reduced their target price on shares of Enbridge from $53.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, February 16th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $52.00.

Shares of NYSE:ENB traded up $0.07 during midday trading on Tuesday, hitting $38.84. 83,799 shares of the stock were exchanged, compared to its average volume of 4,599,931. The stock has a market cap of $78.67 billion, a P/E ratio of 54.61, a PEG ratio of 2.48 and a beta of 0.82. The company has a current ratio of 0.55, a quick ratio of 0.44 and a debt-to-equity ratio of 1.04. Enbridge Inc. has a twelve month low of $26.97 and a twelve month high of $38.94. The company has a 50 day moving average price of $37.01 and a 200-day moving average price of $33.67.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Thursday, February 11th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.10. The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $10.04 billion. Enbridge had a return on equity of 8.50% and a net margin of 5.57%. During the same quarter in the previous year, the company posted $0.61 EPS. On average, equities research analysts expect that Enbridge Inc. will post 1.91 earnings per share for the current year.

About Enbridge

Enbridge Inc 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.

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Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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