Enbridge Inc $ENB Shares Sold by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC lessened its stake in Enbridge Inc (NYSE:ENB) (TSE:ENB) by 33.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,845 shares of the pipeline company’s stock after selling 9,600 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Enbridge were worth $901,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Tsfg LLC increased its holdings in shares of Enbridge by 329.6% during the 3rd quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock worth $25,000 after buying an additional 379 shares during the last quarter. Triumph Capital Management acquired a new position in Enbridge in the third quarter valued at $26,000. Highline Wealth Partners LLC boosted its holdings in Enbridge by 73.1% in the third quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 236 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in Enbridge during the third quarter valued at about $28,000. Finally, True Wealth Design LLC grew its position in Enbridge by 588.2% during the third quarter. True Wealth Design LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 500 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Trading Down 1.0%

Shares of ENB opened at $53.51 on Monday. Enbridge Inc has a 12 month low of $39.73 and a 12 month high of $54.70. The stock’s 50-day moving average is $51.03 and its two-hundred day moving average is $49.02. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.63 and a quick ratio of 0.55. The stock has a market cap of $116.75 billion, a PE ratio of 23.26 and a beta of 0.67.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $17.18 billion during the quarter, compared to analyst estimates of $9.10 billion. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.During the same quarter last year, the firm earned $0.75 earnings per share. Equities analysts forecast that Enbridge Inc will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Zacks Research upgraded Enbridge from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada increased their target price on shares of Enbridge from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Weiss Ratings upgraded shares of Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research note on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.