Delta Asset Management LLC TN Sells 8,643 Shares of Enbridge Inc. (NYSE:ENB)

Delta Asset Management LLC TN lowered its holdings in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 471,636 shares of the pipeline company’s stock after selling 8,643 shares during the period. Enbridge comprises 1.8% of Delta Asset Management LLC TN’s portfolio, making the stock its 18th largest holding. Delta Asset Management LLC TN’s holdings in Enbridge were worth $20,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ENB. Metis Global Partners LLC increased its stake in Enbridge by 4.0% in the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company’s stock valued at $8,782,000 after acquiring an additional 7,986 shares during the period. Aviso Financial Inc. raised its holdings in shares of Enbridge by 4.3% in the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company’s stock worth $60,152,000 after buying an additional 58,176 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Enbridge by 70.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company’s stock worth $52,648,000 after buying an additional 536,818 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in Enbridge by 32.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,302,132 shares of the pipeline company’s stock valued at $52,880,000 after buying an additional 319,907 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Enbridge by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company’s stock valued at $3,888,507,000 after acquiring an additional 3,611,421 shares during the period. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

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

Enbridge Trading Up 0.2 %

ENB opened at $44.51 on Thursday. Enbridge Inc. has a 1-year low of $32.86 and a 1-year high of $45.78. The firm has a 50-day moving average price of $43.49 and a two-hundred day moving average price of $42.43. The stock has a market capitalization of $96.98 billion, a PE ratio of 25.88, a PEG ratio of 3.92 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter in the previous year, the company posted $0.64 EPS. As a group, equities analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal 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.