Tradewinds LLC. Has $464,000 Stock Position in Enbridge Inc. (NYSE:ENB)

Tradewinds LLC. lessened its holdings in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,301 shares of the pipeline company’s stock after selling 950 shares during the quarter. Tradewinds LLC.’s holdings in Enbridge were worth $464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ENB. Vanguard Group Inc. lifted its holdings in shares of Enbridge by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company’s stock worth $3,888,507,000 after acquiring an additional 3,611,421 shares during the last quarter. GQG Partners LLC lifted its stake in Enbridge by 2.1% in the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company’s stock valued at $3,151,500,000 after purchasing an additional 1,495,742 shares during the last quarter. TD Asset Management Inc. boosted its position in Enbridge by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company’s stock valued at $1,643,935,000 after buying an additional 1,040,799 shares in the last quarter. Norges Bank bought a new stake in shares of Enbridge during the fourth quarter worth $909,415,000. Finally, National Bank of Canada FI increased its holdings in shares of Enbridge by 12.8% during the third quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company’s stock worth $737,754,000 after buying an additional 2,061,758 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Trading Down 0.5 %

NYSE:ENB opened at $44.23 on Tuesday. Enbridge Inc. has a 52 week low of $32.86 and a 52 week high of $45.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The firm’s fifty day moving average is $43.49 and its 200-day moving average is $42.53. The firm has a market cap of $96.37 billion, a P/E ratio of 25.71, a P/E/G ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The company had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the previous year, the business earned $0.64 EPS. Equities analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. CIBC reissued an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Royal Bank of Canada lifted their price target on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, TD Securities initiated coverage on Enbridge in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Enbridge has an average rating of “Moderate Buy” and an average target price of $67.00.

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.