Vanguard Personalized Indexing Management LLC decreased its holdings in Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) by 36.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,186 shares of the pipeline company’s stock after selling 7,111 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Enbridge were worth $476,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. National Bank of Canada FI grew its holdings in shares of Enbridge by 264.9% in the 4th quarter. National Bank of Canada FI now owns 16,923,821 shares of the pipeline company’s stock worth $661,242,000 after purchasing an additional 12,285,302 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Enbridge by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 69,181,872 shares of the pipeline company’s stock valued at $3,188,593,000 after acquiring an additional 2,491,924 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Enbridge by 31.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 9,327,425 shares of the pipeline company’s stock valued at $347,695,000 after acquiring an additional 2,227,425 shares during the period. Toronto Dominion Bank raised its holdings in Enbridge by 14.5% during the 3rd quarter. Toronto Dominion Bank now owns 16,033,979 shares of the pipeline company’s stock worth $634,707,000 after buying an additional 2,036,072 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Enbridge by 99.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,944,604 shares of the pipeline company’s stock worth $124,429,000 after buying an additional 1,469,957 shares during the period. Institutional investors and hedge funds own 49.25% of the company’s stock.
Enbridge Price Performance
NYSE:ENB opened at $35.88 on Friday. Enbridge Inc. has a 1-year low of $35.02 and a 1-year high of $47.67. The company has a current ratio of 0.59, a quick ratio of 0.51 and a debt-to-equity ratio of 1.23. The firm has a fifty day simple moving average of $38.46 and a 200 day simple moving average of $39.31. The stock has a market capitalization of $72.65 billion, a PE ratio of 40.31, a P/E/G ratio of 2.71 and a beta of 0.83.
Enbridge Increases Dividend
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Credit Suisse Group upgraded shares of Enbridge from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 29th. StockNews.com assumed coverage on shares of Enbridge in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $57.50.
About Enbridge
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.
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