Enbridge Inc $ENB Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV cut its position in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,232 shares of the pipeline company’s stock after selling 14,345 shares during the quarter. Enbridge accounts for 1.5% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 19th largest position. Advisors Management Group Inc. ADV’s holdings in Enbridge were worth $8,142,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Tsfg LLC grew its stake in Enbridge by 329.6% during the 3rd quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 379 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Enbridge in the 3rd quarter valued at approximately $26,000. Highline Wealth Partners LLC raised its position in shares of Enbridge by 73.1% in the 3rd quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 236 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Enbridge during the 3rd quarter valued at approximately $28,000. Finally, True Wealth Design LLC boosted its stake in shares of Enbridge by 588.2% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after buying an additional 500 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Trading Up 0.2%

Enbridge stock opened at $54.59 on Friday. The firm’s 50-day moving average is $51.81 and its 200-day moving average is $49.23. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.55 and a current ratio of 0.63. Enbridge Inc has a 1 year low of $39.73 and a 1 year high of $55.11. The company has a market cap of $119.13 billion, a P/E ratio of 23.73 and a beta of 0.67.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $17.18 billion during the quarter, compared to the consensus estimate of $9.10 billion. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities analysts expect that Enbridge Inc will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ENB. Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research note on Tuesday, February 17th. Zacks Research raised shares of Enbridge from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Citigroup reissued a “buy” rating on shares of Enbridge in a research report on Thursday, February 19th. Finally, TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.