Enbridge Inc. (NYSE:ENB) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 67.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,879 shares of the pipeline company’s stock after selling 20,258 shares during the quarter. Fox Run Management L.L.C.’s holdings in Enbridge were worth $419,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. McIlrath & Eck LLC lifted its holdings in Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT acquired a new stake in Enbridge during the fourth quarter worth approximately $29,000. Wintrust Investments LLC grew its stake in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 238 shares during the period. Dixon Mitchell Investment Counsel Inc. raised its holdings in Enbridge by 149.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 580 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Enbridge during the 4th quarter worth $42,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ENB has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. CIBC reiterated an “outperform” rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, TD Securities initiated coverage on shares of Enbridge in a report 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Enbridge Stock Performance

Enbridge stock opened at $44.44 on Wednesday. The company has a market cap of $96.84 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. Enbridge Inc. has a 12 month low of $32.86 and a 12 month high of $45.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The stock’s 50-day moving average is $43.48 and its 200-day moving average is $42.42.

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