Sargent Bickham Lagudis LLC Reduces Stock Holdings in Enbridge Inc. (NYSE:ENB)

Posted by on Apr 2nd, 2023

Sargent Bickham Lagudis LLC lessened its position in shares of Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,055 shares of the pipeline company’s stock after selling 300 shares during the quarter. Sargent Bickham Lagudis LLC’s holdings in Enbridge were worth $119,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ENB. Burleson & Company LLC lifted its holdings in shares of Enbridge by 428.6% in the 3rd quarter. Burleson & Company LLC now owns 740 shares of the pipeline company’s stock valued at $27,000 after buying an additional 600 shares during the period. McClarren Financial Advisors Inc. acquired a new position in Enbridge in the 3rd quarter worth about $29,000. TFC Financial Management acquired a new position in shares of Enbridge during the third quarter valued at approximately $30,000. EdgeRock Capital LLC acquired a new position in shares of Enbridge during the third quarter valued at approximately $32,000. Finally, Retirement Financial Solutions LLC acquired a new position in shares of Enbridge during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 49.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ENB shares. Credit Suisse Group raised Enbridge from an “underperform” rating to a “neutral” rating in a report on Wednesday. StockNews.com began coverage on Enbridge in a research report on Thursday, March 16th. They issued a “hold” rating for the company. BMO Capital Markets lowered Enbridge from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 24th. Finally, National Bank Financial increased their price objective on Enbridge from C$54.00 to C$56.00 in a research report on Friday, January 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $59.00.

Enbridge Stock Up 0.2 %

Shares of NYSE ENB opened at $38.15 on Friday. The stock has a market cap of $77.25 billion, a P/E ratio of 37.77, a PEG ratio of 2.78 and a beta of 0.83. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.29. Enbridge Inc. has a 12-month low of $35.02 and a 12-month high of $47.67. The business’s fifty day simple moving average is $38.78 and its 200-day simple moving average is $39.23.

Enbridge Profile

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Enbridge, Inc engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.

See Also

Institutional Ownership by Quarter for Enbridge (NYSE:ENB)

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