Enbridge Inc. (NYSE:ENB) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI cut its position in shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 236,502 shares of the pipeline company’s stock after selling 1,819 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Enbridge were worth $10,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. apricus wealth LLC boosted its stake in Enbridge by 1.1% in the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company’s stock worth $875,000 after purchasing an additional 220 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Enbridge by 0.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company’s stock valued at $1,252,000 after buying an additional 227 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in Enbridge by 3.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company’s stock worth $319,000 after acquiring an additional 230 shares during the last quarter. Eagle Bay Advisors LLC increased its position in Enbridge by 10.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company’s stock valued at $106,000 after acquiring an additional 240 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Enbridge by 3.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 6,994 shares of the pipeline company’s stock worth $297,000 after acquiring an additional 242 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Securities initiated coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Royal Bank of Canada lifted their target price on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $67.00.

Enbridge Trading Up 1.0 %

NYSE:ENB opened at $42.00 on Friday. 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 Inc. has a 1-year low of $32.85 and a 1-year high of $45.78. The firm has a market capitalization of $91.51 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.92 and a beta of 0.95. The business’s 50-day moving average price is $43.45 and its two-hundred day moving average price is $42.10.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the company posted $0.64 EPS. On average, equities analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current 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.