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

PFG Investments LLC trimmed its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ENB. SVB Wealth LLC grew its holdings in Enbridge by 3.1% in the first quarter. SVB Wealth LLC now owns 9,781 shares of the pipeline company’s stock worth $373,000 after purchasing an additional 297 shares during the last quarter. North Star Investment Management Corp. grew its holdings in Enbridge by 24.6% in the fourth quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 300 shares during the last quarter. Independence Bank of Kentucky grew its holdings in Enbridge by 25.3% in the third quarter. Independence Bank of Kentucky now owns 1,681 shares of the pipeline company’s stock worth $56,000 after purchasing an additional 339 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in Enbridge by 5.1% in the third quarter. First Citizens Bank & Trust Co. now owns 7,057 shares of the pipeline company’s stock worth $234,000 after purchasing an additional 341 shares during the last quarter. Finally, Marino Stram & Associates LLC grew its holdings in Enbridge by 1.6% in the third quarter. Marino Stram & Associates LLC now owns 21,685 shares of the pipeline company’s stock worth $720,000 after purchasing an additional 344 shares during the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Enbridge in a report on Thursday, January 18th. They issued a “hold” rating on the stock. Jefferies Financial Group began coverage on shares of Enbridge in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.20.

Enbridge Price Performance

Shares of ENB opened at $35.99 on Thursday. The firm has a market capitalization of $76.50 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. Enbridge Inc. has a 1-year low of $31.03 and a 1-year high of $40.30. The company’s fifty day moving average price is $35.20 and its 200-day moving average price is $34.57.

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

About Enbridge

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.