St. James Investment Company LLC Trims Stock Holdings in Enbridge Inc. (NYSE:ENB)

St. James Investment Company LLC cut its stake in Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 778,547 shares of the pipeline company’s stock after selling 23,363 shares during the quarter. Enbridge accounts for 5.7% of St. James Investment Company LLC’s holdings, making the stock its 7th biggest position. St. James Investment Company LLC’s holdings in Enbridge were worth $33,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. McIlrath & Eck LLC increased its stake in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT acquired a new stake in shares of Enbridge during the fourth quarter worth $29,000. Wintrust Investments LLC lifted its position in Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 238 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. increased its holdings in Enbridge by 149.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 967 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 580 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Enbridge in the 4th quarter valued at about $42,000. Institutional investors own 54.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ENB. CIBC reissued an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. TD Securities started coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Enbridge presently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Enbridge Stock Performance

Shares of NYSE:ENB opened at $44.43 on Monday. Enbridge Inc. has a 12-month low of $32.86 and a 12-month high of $45.78. The company’s 50 day moving average price is $43.49 and its two-hundred day moving average price is $42.50. The firm has a market cap of $96.82 billion, a PE ratio of 25.83, a PEG ratio of 3.92 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating 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 return on equity of 10.16% and a net margin of 10.04%. During the same period in the previous year, the firm earned $0.64 EPS. Equities research analysts predict 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.